Price has reached the 4 hour supply region and got rejected. In Lower Time Frame 15, price is observed doing break of structure (choc - change of character) and started forming from Higher low to lower low.
Elliott wave is completing the correction of ABC after 12345 impulse trend. C is 100% projection of A forming AB=CD pattern. . C is also .618 Fibonacci re tracement of longer downtrend.one of the best setup to short