We are not retracing back into a massive resistancearea at the dashed blue lower angled , as well as previous support as well as the near perfect retest of the talked about (solid) blue upward . As a bonus we are also somewhat at the 618 retracment of the last swing low.
in this - like i said - very important zone of resistance we are now forming a . so look for sells if we can break below it. downside potential is quite big.