Looking at our trend timeframe we see price continuing to respect our downtrend, stochastic rsi showing momentum in favor of bears. Currently testing our 10500-11000 support zone. Possible lower low at 5000, will watch smaller timeframe for entry.
Shifting over to our pattern timeframe we see price has been consolidating between 10400 and 111500, stochastic rsi showing momentum in favor of bears. A daily close above/below either of these levels indicates our next direction. Not taking any impulsive buys until we see a close above 11150, till then we sit on our hands.
