In order to fill the gap @ 1.575, here is a possible scenario...

In order to fill the gap @ 1.575, here is a possible scenario which could present a buying opportunity. See purple candles in the chart below.

This is fictional until fully played out. The following construction has a number technical analysis requirements satisfied. So it does have some logic in it. DYOR.

(1) SP hitting 123.6% Fibonacci @ 2.01 in the next day or so.
(2) Then having failed attempt(s) to break above;
(3) Retraces to retest 100% Fibonacci @ 1.795 (say 1.80).
(4) Big green candle with tail to close the gap. This is formed by a big drop on open to 1.65 (bottom of channel dotted line), then plunging further until the bottom of gap, finally recovered by end of day to close around 1.80;
(5) Meandering around 1.80 for a few days before marching higher.

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