Situation here is also very technical. The main drop started with a huge head and shoulders pattern (grey). The breakout of the neckline (black) sorted out everything and since that, the price is constantly going down. In the meantime, PPC created three continuation patterns. First one was a pennant (blue), second one was a wedge (orange) and now, we do have a flag (red). All of them, resulted with a breakout of its lower lines (as every textbook says).
Last pattern had a breakout yesterday, so the sell signal is fresh. As long as we stay below the yellow resistance, the sentiment is negative and chances for a further decline are much higher.

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