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### Key Levels to Watch: - **Current price**: 3,397 - **Target levels for a potential downward move**: - **0.490 retracement** at 3,351 - **0.618 retracement** at 3,272 - **1.0 retracement** at 3,038 ### Trade Idea: Consider entering a short position with a stop-loss above the recent high to manage risk effectively. The target levels represent potential areas where the price may find support, aligning with the Fibonacci retracement levels and Elliott Wave principles. This setup aims to capture a corrective wave down.