Price is currently pulled back to the 38.2 fib retracement level of the overall bullish move. Price is also sitting at a support zone (blue box) and recently broke through an accelerated trend line. We may look for a slight bounce off this zone and retest the broken trend line. This pull back would line up with a 38.2% retracement of the most recent bearish move. This pull back to the 38.2 level would complete a weekly head & shoulder pattern. There is also some divergence on the momentum indicator....indicating an upcoming shift in price towards the down side.
Entry would be on a pull back to form the peak of the right shoulder and we would target the primary fib extension levels which align with our base trend line.