The bullish bat PRZ may act like a magnet to pull the price towards 395 odd levels. Price has already broken out of a pennant pattern and resuming the downtrend. The 407 could act as a minor support.
Short term traders may take advantage of the shorting opportunity. The long term traders may look for covering shorts in the specified zone and think of accumulation keeping into consideration the overall market scenario.
On 4H or Daily charts, one has to be that patient to look for opportunities. Just click the play button and see how it worked.