Price is following a downtrend now making a series of lower lows & highs. Price has set a new lower low this week, & is pulling back here for a new lower high to retest previous structure as new resistance, which aligns with a strong area of resistance in the past looking left.
The zone of interest I will be looking on the lower timeframe for signs of a bearish continuation this week.
The zone of interest I will be looking on the lower timeframe for signs of a bearish continuation this week.