Nas likely forming LOW

Nas has been on a pullback following a big rise that it had made after striking the lowest price this year which was a trap below the initial low of the year. On the daily chart, level 1 rise and pullback is visible, on the H4 structure looks to be forming as a rejection of the 200EMA within a price region I had previously marked. Given it is the day following 3 days of unidirectional swing, I expect structure to reject yesterday's low or induce further in the false direction then set the low of the week