Could drop to previous support line or follow new trend line ?
looks to have hit support line should follow bearish trend.
looks like breakout will happen before hitting resistance and correcting
Wave five should peak at High resistance level, retracement should occur to either target one or two (both key Fib levels, 0.618 and 0.786).
Resistance felt at current level, EMA on short term graph suggest bullish trend.
Wave will carry on downwards as correction continues but then expected to rise.
Possible future short opportunity once target has been met.