the price appears to be pressured by the trendline and there is no opportunity to create a new HH. with conditions like this, it is likely that the price will continue the bearish trend.
price is currently correcting at fibo extension 0.786. the possibility is forming a downtrend channel and price continues the bearish trend until SnD below which is also close to fibo 1.618.
Wait for it to hit the Trend line and then look for bullish candle sticks (Engulfer, Hammer etc) and TP can be until next resistance
Do you agree with my Outlook?
