K3 failed to close above K1, which is a first test of the resistance level. The supply pressure has decreased, indicating that subsequent candles are likely to test the resistance multiple times. K1 is a bullish hammer candle; however, its validity needs to be confirmed by the following candles. If the subsequent candles fail to clearly close above K1, it is highly probable that the nascent downtrend will continue to develop. Short-58414/Stop-59414/Target-42K