It is currently following its decline which has resulted from this 0.3 Fib and past structure. Potentially it might test red support lines or the bottom green line which is important past structure.
Expectations of breaking that support barrier and setting new lows. If not, it will retrace again for a while before retesting again. However, market has been for half a year so it is likely that it will continue.
Keep in mind structure and Fib levels. Wait for perfect entries and clear signs after retesting support again.
SHORT WITH LIKELIHOOD OF SOME RETRACEMENT BEFOREHAND.