As price impulsively broke the ascending trend line, we can now anticipate a pull-back before bearish continuation. Using the fibonacci tool we can see that anywhere between the 50% - 61.8% levels would involve the most confluence as they line up nicely with the last higher low of the previous uptrend, as well as the uptrend line itself. If price can retest this zone and form bearish confirmation, this could be a high probability short opportunity.