The past 3 days show that profit has been taken when the price moves outside the defined . Yet there has still been buying pressure during pullbacks.
The daily candle is forming a , which indicates some indecision in the markets. This type of psychology is well founded due to the past that carried over from 2018.
If the price can continue to hold support , we could see restored confidence and a break to 8800.
On the other hand, if the price continues to hold support, but does not increase rapidly, the price could range for some time.
If a scenario were to occur, the price level to watch would be 7700 as support, and continue to watch .
Due to the strength of the trend indicated by the and some signals on the smaller time frames, I believe a ranging price scenario is the most likely to take place.