Assuming we don't continue the trend down this is what I'm looking at as the next major level. Rejection of this would mean a lower high on large time frame and likely result in an end of the major trend. We've already broken structure (lost the move that took us to the high) on this dump, so a lower high would signify major trend reversal. This is another good spot for profit taking.
Commento:
Also forgot to mention it lines up with weekly VWAP.