Judging from the MACD and momentum of the last gains I'm expecting the price to go down in the next hours.
If point B holds, we might bounce back to somewhere in the sell-off area. From there I expect we'll retest the 7200 support (61% Fib from 6000 to current level).
If point B breaks, I except we'll go right for the 7200 support.
If the 7200 support line fails I'm looking at the 6000 range for maybe an entry back up.
According to the MACD on the daily and 4h charts we're still in a downward trend.
If point B holds, we might bounce back to somewhere in the sell-off area. From there I expect we'll retest the 7200 support (61% Fib from 6000 to current level).
If point B breaks, I except we'll go right for the 7200 support.
If the 7200 support line fails I'm looking at the 6000 range for maybe an entry back up.
According to the MACD on the daily and 4h charts we're still in a downward trend.