Going to hold between the 1.38 and 1.618 area (orange zone) for a possible start of a uptrend.
Thinking it might test the 200 ema. Bounce and continue its down trend.
Looking like a good short set up. Retracement with the MACD loss in momentum.
Holding the 61% area on Fibonacci retracement. MACD shows potential loss in momentum. Wanting for next candle to come out.
Thinking it will hit the .500 retracement line (A-b) then go back to the .886 area (B-C) which is also the the trend line.