We've reached the bottom of a downward sloping channel and a previous resistance level from February, now support.
Using Fibs from the top of this trend, the pullbacks have been to the 0.5 level at least, which leads me to believe we'll do the same at this level, if not a little further to the top of the channel before an impulse down again.
Using Fibs from the top of this trend, the pullbacks have been to the 0.5 level at least, which leads me to believe we'll do the same at this level, if not a little further to the top of the channel before an impulse down again.