If one believes that a new significant price decline is in the offing then the first step is to develop a "roadmap" of where that decline will lead. Step one in the process is to look at Fibonacci retracements. More specifically, we want to identify areas of confluence in the Fibonacci targets.
Such targets are identified as the blue boxes on today's chart. Note that the location of these boxes does not imply a time target. That is work for later.
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