It's currently retraced between its 38.2 + 50% fib level, also sitting on an area of support (yellow line). There is also a trend line it's also sitting on. Daily bar close yesterday showed some rejection, close to a low test. RSI also shows its been over sold. Stop below previous significant lows and target firstly up to the 161 at around 280 but potentially in the long run up to 350.