From the graph, we can see that previous 3 movement (A,B,C) to the downside the price length is from 200 Pips- 240 Pips. The current downward movement D has reached a price length of 200 Pips. Thus, based on past movements once the price length has reached a certain length it is going to go back to the upside. Furthermore, from the opening today we can see that there is a gap in the price. Hence, from this two assumptions there is a possibility that the market will reserve the current downward movement and head to the upside. However, we will need to wait for today’s candle closing to confirm the entry.