price retrace to the fib 50% lvl (4hr wave) and start to move down again, could likely move down to the $36-$37 zone. This is the 38% fib retracement area (for daily wave). One thing to take note, that is the structure support is at $36.
If price failed to hold at $36 area, it could go further down to fib 50% lvl (for daily) which there is another structure support zone in the price area.
If price failed to hold at $36 area, it could go further down to fib 50% lvl (for daily) which there is another structure support zone in the price area.