The reason why I chose this prediction path is because the head and shoulders formation has formed and since price action has broken off the neckline, it is now retesting the neckline and seeing if it might reverse.
When price action shows lower lows, it indicates a bearish momentum and so it will then hit the next Fibonacci level.
When price action shows lower lows, it indicates a bearish momentum and so it will then hit the next Fibonacci level.