Although that most of the traders try to find the sweet point from where price will skyrocket, i believe that there is more room to the down. It is clear that price is in a downtrend (in a channel) and is testing a key resistance level..
In a lower time frame we see a bearish gartley pattern (not a perfect one - ab leg almost reached 0.618 of xa leg) with D point at key resistance zone. I have already placed a short trade on this. Let's see what happens next.