Once puffy and relaxed, knock the air out of the dough by punching it down.
Pat the dough into a fat square. Use a bench scraper, knife, or your hands to divide the dough into 3 equal logs.
Working with one log at a time, pat the dough into a flat(ish) log. Then use a rolling pin to roll it out to about 18-20 inches long and 4-5 inches wide.
With the log laid out in front of you horizontally, start with the long side closest to you and start to roll it up but after each fold/roll, smush the edge into the rest of the log to press out any extra air.
Continue this folding and sealing until the flattened log is rolled up into a tight log. When you get to the opposite long side, seal the edge to the rest of the rolled log by pinching the edge into the log.
Place the log seam side down and use the heals of your hands to roll the log to about 24"-26" long. For a traditional shape, keep the center thicker with the ends a bit thinner.
If needed, rub a little olive oil on your hands and work surface to create a bit of tension.
Once all three logs have been rolled, lay them out vertically in front of you. Stack the ends furthest away from you on top of each other with the log on the right under the center one and the log on the left on top.
Then, cross the right strand over the center. Followed by the left strand over the center. Continue braiding in this pattern, keeping the strands tight together but not stretched.
Once you reach the end, press the ends together by stacking them again. If the braid isn't tight where you started, peel the strands apart and add a couple extra crosses of the strands and press them back together.
You should now have a braid with both sets of ends stacked to keep them from coming undone.
Starting with one end of the braid, roll it into a snail shape, tucking the starting end under the bread and ending by tucking the ending tail under the bread as well.
Transfer the shaped pretzel onto a parchment lined baking sheet or plate and place it in the fridge, uncovered.
Place an oven rack just below the center and place the dutch oven on it. Heat the oven to 450 F.