Looking at the daily we can see a clear lower high has been established, so drilling down into the hourly we want to look for clear support, and potential short positions to hedge your holdings. If we break $10,950 we may see opportunity for a short entry if it pulls back an retests ~$10,900 area or the 0.236 fib extension around $10,400. Triple EMA Crossover may indicate new down trend, watch low time frame EMA's for bullish signs. Target would be approx. $9,600 area. Otherwise buy up around $10,790-$11,102 and hold on for the consolidation period until the next large bull move. Key levels to watch are $11,950, $12,250 and ~$12,600 for upside confirmation.
<-For education purposes only->
<-For education purposes only->