as you can see, totally we are in an obviously bearish market in short-term within a bullish channel in long-term the yellow box is the consolidation area that is so important for me to make a decision for buying or selling! i believe in more dip in whole market! but in consolidation period i prefer to wait for breaking the level 1800>low to expect more dip to the level around 1200 and decide to buy my next step or wait again otherwise, the level 2340 and finally 2920 is my main resistance! if the price breaks these levels after confirmation i will jump in!
in lower timeframe we can use fluctuations in futures