Looks like we are about to get a nice Kijun Bounce and Golden Cross from 55EMA and 200EMA
Kijun-sen line always shows a 50% retracement and when you get a bounce typically states that the MM's pushed who took profit at the top pushed the price down low enough to stop people out and buy back in there.
Kijun bounce is a nice entry point if you set your stop losses accordingly.