Pure and and applied market structure in play

I see that after a long period of price trading within an initial range a heavy downward momentum came into the market pulling the market down to 1.18642, after this there is an expectation that in obedience to the rules of market structure, there will be a pullback to one of the resistance depicted by the the red horizontal lines, then once a trigger candlestick shows up, we hope to continue downwards.