Structure collapsed at the .382 of the last rally. We're still maintaining structure on the macro. There's a high probability it will bounce at this 10k zone as it collides with previous support, 2 fib zones (.786 of last rally; .382 of macro), and the macro support trend line
. oscillators on hourly candles are starting to round out and show divergences with price action. Note the chart above are 4hr candles and not 1hr). My trade: Long here, stops under 9900. TP1 10500 TP2 11100 TP3 16k.
IF we break 10k, we're next likely to find support at 9k. This would begin to form a descending triangle
pattern on the macro and would represent very bearish
Cheers all and good luck trading