From where we put the red arrow on the chart, it looks like we have a 3-wave (ABC) or more complex pattern on the chart.
Wave B appears to have been diametric, which is over.
Now we have an LSH range where we expect the price to drop down from this area.
Closing a daily candle above the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You