1. As you can see in my chart analysis, support/resistance line (red line) forming downtrend where price now is in the bottom of resistance line. Most logical, price should go down.
2. D1 : Price is coming from downside and currently chart perfectly in the bottom of EMA-55 Indicates, price is still in downtrend.
(I'm using Fibo EMAs)
3. Price will down because as response of Retracement.