We currently have a temporary top on the daily being set, and daily consolidation to look for a higher low and attempt the clear trend change. The size of the current 4H bounce will be very telling for either an equilibrium if the bounce is significant, or a lower high and potential lower low to see further daily consolidation take place.
With a significant bounce, bulls can look for an entry on the 4H higher low, using $7,220 as a stop. Bears are looking for the 4H lower high to top fish $7,689 resistance.
Happy holidays! Now I patiently wait for the next 24 hours to see what most likely scenario shapes up.
Thanks for all the tips in 2019