First swing was recorded with trendline.
Price retraced back up to 61% fib and went back down, but failed to complete a 100% move of the swing so no 1:1 Ab=CD.
Therefore, something must have went wrong. Bears lost power and were overwhelmed by the bulls. Indicates orderflow change.
Now expecting a 1:1 move of the bullish retrace up to confirm bullish power.
Bulls couldn't complete 1:1 move. Indicates they now lost power to the bears and order flow has changes to downside again.