1-4 we have lower highs and lower lows. Price at 4 has come back up to retest an area of resistance of proven sellers who pushed the market down from number 2. I have drawn a down sloping blue median line
which price is respecting nicely (highlighted by blue arrows) and a black pendulum pitchfork
not drawn from the lowest low at 1, but from another point in that area which forms an angle which price respects nicely (highlighted by black arrows). I've also highlighted an energy point which could make an explosive move if price gets into that area.