Like they say, 'trade with the trend cause once it happens, never end'. Now the situation is kinda clear. Price is in strong downtrend (H4) or retrace. ADX
is rising, bearish
momentum is rising and PA dive deep under lower KC band. Possible range is 01
august H4 candle tick - 25 august low (272-275) and if this can't hold it then august 16 low (267). Trend is strong but I can't see this going straight to 61% fibo (263). If price will retrace from some of those ranges we can go up to the KC lower band range (285-291). Good luck.