It already touched a nice support..could drop a little lower to the fib retracement level indicated. If we look at the tdi, there has been a main price movement that was downtrending, it has touched a significant low that can promise recovery. If we look at the adx di we can see that the green has crossed the red line and the trend strength, in this case downtrend strength, is becoming weaker. Wait for confermation from the 20-50-200 ema, a nice breakout candle is the perfect signal for entering