The analysis covers multiple trendlines that were established from Monthly, Weekly and Daily timeframes. It seemed that there is a high probability that price would bounce from its bottoms as it coincides with multiple barriers. The price would then bounce quickly to a daily time frame. If it breaks the daily time frame, it would continue until the weekly trendline of a REVERSE SYMMETRICAL TRIANGLE and probably continue to complete one of Elliot's correction waves A-B-C-D-E. At the end, it might continue further downtrend.