1.We have a level at the 1.618
2. We have a normal retracement from our swing high @ 886
3. Another potential pattern
4. this is a good looking support (hopefully come resistance) level.
5. The overwhelming outlook on the higher timeframes is down.
We need to look out for the showing oversold conditions, showing hidden divergence and normal divergence on any patterns which might form while up there e.g. a . Also, depending on your trading plan a valid entry might come simply from a candle stick formation e.g. a or a . This is my opinion only and should not be considered as advice.
Let me know if you have any questions, Ill do my all to get back to you. Thanks.