If you have a look to a weekly chart, you can see that the major down trend has been ended by a breakout of a trendline connecting its swing highs.
Following swing highs and lows to read the market structure, we can see that the price made a retest on the trendline it broke and continued higher.
Now we are at the second swing low which is higher than the previous...
On a daily chart there was a breakout of the support trend line and the price pulled back to the trend line to test it before heading down.
If we pay attention to swing highs and lows, we can see that the price made a lower low after the breakout for the first time.
Which mean that the next swing high will not exceed the previous high if this is a valid down...