Wave analysis combined with the fibonacci retracement levels

The wave analysis shows points A, B, C, D, and E. Considering these points, price is expected to break below the support level of the wave structure in order to confirm the down trend. this is supported using the Fibonacci retracement levels where we can see that price has retraced off the 50 level and should be heading to negative 27 and below with hopes of reaching 1.35.