Price has broken through 4hr fractal low indicating that it wants to push further downwards and price has came back to do a fibonacci retest and it is seems like price may be creating a lower high for a possible short entry. A lower low has been formed too and price will need to correct the bullish move to the left hand side of it to maintain a smooth flow of price action. Once this correction has been done we can expect to see price rise again in an uptrend. Hope this analysis helps :)