Going out to the weekly time frame to see where price could be heading or could react i have highlighted the next zone which is the two blue horizontals...
1. Weekly structure zone
2. Moving into oversold conditions - Weekly
3. Oversold - Daily
4. 1.27 Fib Extension - Daily
5. 1.27 + 1.618 Fib Extension ratio confluence - 1H
6. - 1H
7. - 1H
I have highlighted two solid potential risk reward profiles if current price was to hold...
Looking forward to see if it gives anything back or will continue to the downside!
On your chart above I can see two 'reversal' candlesticks, which make for you point I think, though to me the latter is too low to look bullish - so I'm still expecting further downtrending. Let's see !