Price is within the 50-61.8 Fibonacci levels. As well it is right up against multi-pivot lines within a bigger overall downtrend. I am looking to short it against the upper parallel of the modified schiff
with a target of the lower parallel. I chose this as opposed to the median line
because of the nice confluence with the 123.6 fibonacci extension
and the median line
of the larger modified schiff
that has been guiding price for a while.