We can see that price retested but failed to break our strong resistance zone ( red box ) price then bounced and made a bearish run and is now on its way down to our support zone ( green box )
We can also see that around our support zone is that trendline ( TL ) that has been used many times before, it is possible that price could use this as support again also as it falls around our support zone, this makes it a strong setup for a bounce if it reaches this area.
This is only analysis, and only use it if it lines up with your analysis.