i've written down the main reasons why i'm going long in this market. As you can see, we're sitting at a previous level of structure, and we've created an AB=CD pattern with Fib confluence right at that level, that comes at a round number (that could strengthen the support being). We're also in oversold conditions. All those reasons together make me think we could see a rally from this level, even though the trend still remain bearish.
If you have any question/idea, feel free to comment below. Otherwise, see you in the next chart!