downtrend but long then short after

1.Monthly, price should retrace to resistance level in confluence
with 38.2 Corrective wave
2. Daily price looks like a breakout of CTL
and should touch the 1.14000 area again,
if it breaks that level it should reach extension D
which is near level of retracement monthly of 38.2
3. still strongly belief that it will reach the 38.2 level before going further down