H4 - Double wave down, currently the price is at a critical zone where we have the 100fibo extension level and the uptrend line.
We may expect a bullish reversal to happen from here or we may expect the price to move lower and reach the 161.8 fibo level and a bullish reversal to happen from there.
Once a bullish reversal happens mark the most recent downtrend line and then go long with the breakout.