Criteria around the marked area: 1. 2016 low 2. Strong area (gray), which is also previously worked support. 3. Fibonacci Golden Ratio 62% 4. Fibonacci Extensions 5. Channel projection 6. AB=CD 7. Blue dotted trendline should act as a resistance. Not so significant because of the time period. 8. Bearish candlestick pattern on the Weekly timeframe. 9! Wait for a bearish candlestick formation from the red box.
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