Support and resistance (S/R) areas are where price tend to reverse. I have marked off what I believe to be some current strong support and resistance levels. Watching for candle formations at these areas can give your trading a boost. Of course sooner or later price will break thru these levels. When it does the level can change from support to resistance or vice versa.
All that said I see that the daily candle formation for EJ was a bullish piercing candle two closes ago and that it is at a support level. I have set a pending order in case price 'bounces' hard off of the support.
This is not a trade recommendation. If you are trading use a demo account or know your risk.
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