Confluence in the PRZ:
First of all, great analysis. I am newbie and following some good talents here, and you are one of them. I have a slightly different point of view on this...
01. This pair has begun a retracement on MN, and the Next Target is a 50% retracement to 157 level, but before that, There Might be a Head-Shoulder happening at your said levels.
02. Major Weekly support at 175 level and 23.6 Fib at 177. I think, these two Levels with get tested first before any High Rise for Head n Shoulder following your analysis.
03. The Major Level at 180, just got broken and that gives a more probablity to retest the next Fib level and/or the Weekly level.
04. The Previous Weekly Bar was a high Momentum Bar, which also adds up to the probability of my analysis.
05. Daily inside Bar setup with a somewhat PIN BAR inside and a LH close. IT could not make a LL due to early close of the Market today, but it was getting there, in my opinion.
06. MN FIB level of 23.6 is also a 86.4 FIB level on Daily/Weekly as per your chart. Current level of Daily/Weekly 78.6 Fib, is likely to be broken, targeting to the next level of 86.4/23.6 Fib.
Please feel free with your suggestion since I am short on this Trade.