It stopped right on the base of the old ascending range, actually we see it passed through a little bit and market rejected it. In the recent dais it's been falling inside a range and stopped it's falling right in the intersection of the two ranges, which was also the 1.27 extension of the last big fall.
But........ daily RSI is jut about to enter bearish zone (below 40) so a touch of the dotted line can also be expected before starting the move up.