RED looks bearish (4H)From the point where we placed the red arrow on the chart, the RED correction has begun.
It seems to be inside an ABC structure, and we are currently in wave C, which is bearish.
A demand zone is visible on the chart, which could temporarily reject the price upward.
Since wave B did not retrace more than 0.618 of wave A, it is expected that the low of wave A will be taken out.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You