Price has now broken the intraday and made a nice lower low on the 4hr timeframe.
Option 1 = Pullback in to broken TL, lower high to form, reject the 0.618 fib and $63 price level. Enter short in the hopes of new lower lows to be made.
Option 2 = Price consolidates here for a few days before continuing lower. ( set up)
Prediction, new lower lows to be made at some point. Price to tech $55 as a final TP.