From a previous update, I have marked out how the 2016/7 price action is similar to the 2017/8 action. It appears that the recent fall brought price to point d.
If it goes lower, then a much more bearish alternative comes into play.
It has formed a wedge, from which a breakout is expected. We could see a decent rally soon.
This is not financial advice, do your own due diligence. I am not responsible for your trading decisions.