Price formed a , then made a impulse breaking the previous low (which is now acting as the neckline of the ).
Price then found support at the 50.0 fib level completing the impulse and formed a . This formation was ultimately created to test the neckline of the previous (which it did).
On the 4h time frame price is having trouble breaking this weekly . I think price may create a false breakout/move to the upside, then making another impulse.