Price had previously changed structure into an uptrend by breaking a previous resistance level/strong high on the daily timeframe. Hence the down move we are seeing might just be a reversal of which has reached a support level. It is important that price has also left behind Liquidity and imbalance which it might seek to take. It is therefore safe to look for...
Price been bearish lately having left some imbalance/FVG behind that might need to be covered before it can move in its intended direction.