is close to an important point at the resistance trendline
. If it bounces off and down, we might see a down move to the lows of the daily chart
support levels. If it bounces off the daily lows and heads back up, we will get wave 5 to the daily highs. If it breaks the support, the weekly chart would be a huge bear flag
correction structure and we will get bigger downside. I will be taking a short if it bounces off the 4 hr
, with stops a bit above it.