IMPULSE AND CORRECTION: the overall trend is downward and now we're having a realignment to the weekly zone where price broke out from. hoping to catch a long trade and a short at the same time
price has been making impulses from the higher timeframe and now we're having minor retracements on the lower timeframe with an inverse head and shoulder formation. hoping for price to use the nearest demand level for a long.
price broke a significant low which means there's a probability of the market making a lower high and from there we can look for shorts.
disclaimer: this is not a trading advice, just my own perspective.