There are 3 major channel trend lines to watch. A break of each would indicate a trend change at the degree of the channel.
From small degree to large we have:
1.) Intermediate wave (C) of Primary [Y] channel. (Green channel)
2.) Primary zigzag wave [Y] of cycle b channel ( Red channel)
3.) Cycle wave b channel (4 year blue channel)
A break of each indicates a trend change at that degree.
Overall the weekly shows prices coming down to the Intermediate wave (C) of [Y] lower channel line. Until this lower line breaks solidly, the Intermediate trend has not yet confirmed to have "changed" from up to down. However the overall count suggests all the channels will break sooner or later. In the meantime, they could offer solid bounce support.
Ultimately a break of the Blue cycle wave b channel would indicate that cycle wave c of Supercycle (a) has commenced.