Price is in major downtrend. After big fall to the downside on daily time frame, price has pulled back up to the 38.2 fib. Price is also hitting the descending trend-line for the 4th time, acting as resistance. Price is also at a major resistance zone, and price has just rejected the pshycological price level of 72.5. Price should continue lower to its support zone. This gives us a great trade ratio of 3:1.