After rejecting the 76.4% FIB and the price level where the 2nd leg of the rally equals 61.8% of the 1st leg ( around the same price ), price has gone down and has even broken the rising trendline. The problem is that the decline is in 3 waves, which could mean several things. It is possible that the wave B rally isn't complete yet, if this is the case, look for the price to test the highs. On the other hand, it could also mean that wave B is going to be a triangle and this top is only wave a of B of that triangle. And yet another possibility is that this top wasn't a wave B top but a wave X top in a complex double three correction. This would mean wave Y has started and we are only seeing the first parts of it.
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