The price is respecting a disjoint channel, ideally it should go from top towards bottom which it is doing atm, secondly i am seeing huge momentum of bears recently, and forming LL and LH, it broke previous sub structural level and now it might retest and create a new LH where through the help of candle sticks pattern and rejections, we will make our entry.
there has been much accumulation done previously and price needs to retest. recenty price had broken the consolidation zone, and now had retested and giving bearish hammer engulfing candle stick as an additional confirmation, the tp will be the nearest strong support