Inter day price action price will peak below the range shown then take price in the other direction before moving in the intended move in the NY Session
This will fully unfold by some time nexxt week
You don't need any fancy colorful lines or weird styles of analysis just simple price action will suffice. Price will briefly move bullish then bounce back from the 38.2% level then drop to the level indicated. This move may take up to a week to playout we'll see.