4-hour chart analysis, it is observed that the price is nearing the designated discount level, identified at the 50% retracement mark. As highlighted in my prior analysis, I stated my intention to wait for the price to pull back to this 50% level before confirming any bullish signals through a market structure breakout.

Therefore, I am currently monitoring for a bullish breakout to occur. Absent this, my stance on the price movement remains bearish.

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