that channeling in blue lines looks like ending diagonal and that makes it finishing part of that H4 structure so is that move downwards a beginning of a new structure which will weight lower remains to be seen, but as it starts it looks like leading diagonal. OR it will respect that channel again and will be carried higher.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.