Quarterly chart needed to quickly rebalance last quarter's drop

Self explained move when you understand time based charts and how they need to rebalance based on a new candle correcting the one way motion of a previous candle.

We are free to allow this new quarterly to either drop to a new low below the current low or just meander in the middle of the range. We prefer one way motion all the way towards the low at this point as we are bearish