Where is price going to is not a traders question! Let's see if I can help you figure this out. It's really better to ask, where is the place to enter and how does a trader manage risk? That's all trading is about, quantifying risk reward issues.
Your chart didn't copy but you can go back to it. You have trend lines all over the place and sorry, but some are daft, some are weak and some are stronger so the end result is a masterpiece of confusion. What Metal and others are trying to do is bring a sense of order and structure to the confused mind of a novice TA and if I was training someone and they presented that chart and asked me that question, I'd ask them why are they asking? It shows a number of problems exist.
The things you should be asking are where are the major swings, are they related to each other, how strong is that relationship, is there a trade opportunity and what's the RR? Those big swings are where the money was made and tells you where the money will be made again.
Rather than present a completed chart here's a simple exercise to see if you can see the structure better. Connect the last 2 major highs and take a parallel to the last two lows. Can you see there is a clear structure there? We have the benefit of 20/20 hindsight now but at that point I'd be looking to see if there was a buy signal.
(There are ways to grade the quality of this channel but that's leaping ahead too fast. Enough to say that buying a falling channel needs strong evidence of a reversal or nimble trading.)
Now draw a horizontal from the prior low and see how price bounced off it. Again I'd have been looking for a reaction there as there was no attempt to buy when PA fell through that level.
Finally take a line from the prior low to the last high and project a parallel from the last low up to meet the channel top. this gives a time and price projection.
Will PA break up from such a move? I have no idea, because all the important information is missing. Information like prior volume participation, PA signal construction and especially higher time frame analysis.
There were definite scalp opportunities at least on the low and at the prior support level, but here's the crux of the matter: asking where is price going to go is the same as asking do I buy or sell now? Based on the lines you had drawn and the lack of vital decision making information, I'd say toss a coin.
Finally, the last drop was steep. Can you see where there was a prior steep move that is almost parallel and close to the same length? Now look at the last two decent up swings that form an ABC pattern. Can you see how they match in angle and length?
Markets have timing and personalities, structures and fakes: get to know them and follow the money. You need to learn how to draw trend lines, structures, measured moves, understand multiple time frame analysis and great PA signals. Then you won't ask where PA is going when some traders at that point will be long and showing a profit, some will be short and showing a profit, and the silly ones will be asking silly questions.
