The price is making resistance at the 50% of the structure 123 between point 1 and 2. If we draw the fib retracement between point 1 and 2 the price is making resistance at the 0,618 level. If this resistance holds without breaking point 2 we will see a lower low below point 3. In trading words it would be logical to sell now at the resistance with target at 1,618 level of fib expansion between point 2 and 3. On the other side, the break up at point 2 would be an opportunity to buy with target at 1,618 level of the fib retracement. Ckeck your information and match it with this idea. Good luck.