Price made a strong move to the downside, found support and created a , which shows that price may be ready to change directions.
On the 4h time frame you can see a large candle created after the previous indecision candle.
Price broke past the previous low ultimately creating a new one . Now, I'm expecting price to retrace/test the previous low or the 50.0-61.9 area of the fibonnaci. Price may form a structure and create a continuation to the downside.