Having failed the second long entry, it is becoming apparent to me that the likelihood of some more downside may be on the horizon.
We have lost the low created before making the higher high, therefore, the character has shifted to a corrective state. Short term, I am looking for support to find itself around our current area, heading towards the 0.236 of the entire range, and potentially entering a continuation short, in this case I'd like there to be hidden bearish divergence if we reach that 0.236 level, giving me more reason to enter a short.