Price is approaching our first resistance (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur to our major support (horizontal pullback support, 50% Fibonacci retracement). Stochastic is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
I see a lot of red dots since April 6 calling for a potential reversal. According to me and at least on a shorter time frame $10500 is a real possibility before considering a pull back.
Here is the proof.