Day trading with trend ine and Elliott wave

look at the picture.

• 1hr trend is down, new corrective wave is end.
• 1-5 wave formation with corrective wave formation occured.
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• price is respecting 84% fibbonacci fan and reversing, So here is resistance.
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• So price will go down.

price is trying to break the dynamic resistnce, Stochastic show ovebought and
price fails to do soand price returns back to down trend direction.
Fibbos fan 84% is strong resistance with outer trend line.Also look at
candlestick formation double tops formation occured with large wicks, so price will retrace back.

now elliottwave analysis of 1 hr chart

elliott wave completed with corrective wave formation, corrective wave also forms 12345,
note, Important head and shoulder formation occured, So we will trade in down trend
direction with protactive SL