This one is preparing for end of the current wave 2 and turn for impulse wave 3 which possibly could move higher than ATH
Few things you can expect in current structure
01) It can further come down below the recent low and tag 30/28 and reverse which might be a one single day move (in my view)
02) or it can turn now only and start moving up which is possible...
previous demand zone was 46-54
now we need to wait for the momentum pickup in Hourly & 4H charts
hourly charts rose for the first time but need to test this 53 support - it helps in liquidity adn also giving a firm faith on the support