When price did not break the previous low it is time to get out and wait for a new setup. Once the white dot has appeared you need to be careful taking trades towards it. A white dot has now formed above the ribbon, if price comes down again and crosses the ribbon then sell and look to hold till the pink dot appears.

Look at the post linked below, it is an uptrend shown but same applies in a short market. Look at the 3 different size dots and what they are telling you, understanding this is very important.

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