Price positioned in a order block, seeking to generate a reversal, in confluence with a geometric figure, shoulder - head - shoulder.
We are looking for different objectives, with the TP3 in convergence with the bullish trend line.
You can see an Elliott wave count, now doing an ABC retracement.
Waiting for the price to reach the trend line, looking to go back up to 38.2% or 50% as strong areas to continue its fall, with a target price of $58.32.
We hope that divergence will be generated within the RSI to validate the momentum.
Confluence between fibonacci's retracement and fibonacci's expansion in the target.