Yes so long the 4H remains rejected we should seen continuation to the downside.
in trading nothing is guaranteed but we look for the most probable set up and must consider the counter-argument.
This trade formed a nice bearish flag and has since broke from the 4H strong support. We can expect price to come down to the TP1 level and see how it develops from there to gauge if we are to see a drop down to monthly support. I have taken the trade personally risking 1%. Let's see