As you can see the chart showed to us that the market was going down and it changed its movement by going up at this time. While it was going up, the market made a sort of pattern in a zig zag way. So, in the graph it is been marked the reversals, at this time the most probably change of movement is going to be down due that the market is following and respecting the support and resistence area. Also, in case is better to come up with a sell stop which is being said in the chart.