Friday’s low at 17.635 was the precise midpoint of the bearish pattern shown in the chart, so if it’s breached we should infer that more downside to its ‘d’ sibling, 17.160, is coming. Alternatively, any rally that would turn the hourly chart bullish right now is too much to expect, so let’s lower the bar to 18.815 — precisely where the ten-minute chart would generate a promising, bullish impulse leg.