+ With the overall trend. + Retracement into the fib value area. + Bottom of ascending channel. + Previous resistance level becomes support. + Look out for reversal candle patterns to the upside in this area.
(if this week closes with a doji it'll be a great sign of deceleration to the downside and a good clue it's even closer to a reversal.)
If this prediction is correct I will post the 4H chart showing my entry method!