I'm personally favouring the downside here. But since it's Friday afternoon, I'm fully aware that the direction could easily change next week. But just in case things move a bit faster, this is how I'm looking at this - pulling the fibs on the downward movement these past several hours, there were some overlap/veeeery close to being close. Given that (near) confluence, I'm looking for some support/resistance at the highlighted zones there - the boxes and the fib levels - before the market continues bearish.
Not gonna be stuck on this idea though. It is Friday afternoon after all