In my update 7 days ago (link below) we were hovering just below 24k
I shared with you my thoughts: One more push a bit higher (above 25k) and then lower We ended up hitting my key level to the dollar almost, and have seen a 15% rejection since then.
For the support levels that I gave you: We had 23-23.1k Yesterday we put a LTF range above this support, took the highs of that mini range before going back in and then breaking the lows and continuing our move down.
Fow now, we are at important support: Daily, anchored VWAP lower band, OB, POC of the entire range (from June to now) Also, we are just above the swing low at 20.7k (important for market structure) If we break that low, naturally, it's going to look bearish, and we can expect lower prices.
A sign of strength would be breaking the OB at 23.2-23.6k
The area I'm personally interested in is the daily at 19.3k to the monthly at 19.9k
Any questions?
Good luck traders Remember not to break your rules