Description
⋅ Strong bearish divergence on 4H. Closing below $9800 would confirm trend reversal.
Several supports on the way down depending on severity:
- short term channel bottom
9k resistance turned support
one year support ($7250-$7500)
descending channel bottom ($6500-$7000)
With the strength of the bounce I am thinking that the low end supports will be hard to reach. There should be a lot of bids down in that zone.