As the price is sitting at the lower barrier region of the descending parallel channel that is portrayed on the graph, we are expecting for some correctional moves to kick in and drive the price towards the highlighted region of previous support now acting as resistance that nicely aligns with the 61.8% Fibonacci retracement level.
Love this, created a nice hammer with almost a double bottom, just briefly flushing before the push up. This is looking like a rebound is in, will be watching for the uptrend on lower timeframes this week 👍