The 4th hour chart illustrates a Elliott Wave structure unfolding within a broader bearish context as price respects a long-term descending resistance line. After completing a five-wave impulse to the upside, the market corrected lower in an ABC structure and is now approaching the same resistance level once again. The labeling suggests that wave b is forming right at the descending trendline, signaling potential exhaustion of bullish momentum. Price action shows repeated rejection at this diagonal barrier, highlighting seller dominance. The corrective wave pattern implies that once the current retracement completes, a sharp wave c decline could follow. If sellers step in strongly at this resistance zone, the market may resume its downward trajectory with increased momentum. This structure reflects both technical confluence and Elliott Wave alignment, favoring bearish continuation.