Looking at a 1D chart, we can see, that a big reversal after a big bullish move has happened. Right now we are in consolidation, so there is no real volatility on this timeframe. We do however expect the price to break the support/resistance zone, that it is testing in this consolidation. It could retest in a few times, but we are looking for a bearish candle closed below the support line, and four more bearish candles below the line after that as a confirmation, that the move is happening. On the higher timeframe, we expect a bearish move, but as described, it could take some time to fully develop.
On the 4H chart, we can see, that the price has just bounced off the support zone on the higher timeframe. As we said before, we expect a few more retests of this level, so we believe, that a bounce may happen. But be careful as the price may move below the support before it bounces back up.
We wish you good luck in the following week of trading!
We wish you good luck in the following week of trading!