We might have an forming here.
We have a of AB.
A break below B.
A Fib Ext of the 127 and 138, with a move that is right in the zone.
Also we have an inverted CB Fib Ext that puts 161, in confluence with 132.
There is some resistance points to the left. in the same area that the line ends at.
When price reaches this area, I will drop down to a 15 Min time frame and look for an opportunity to take this long.
Back up to previous structure.