Large drop, usually a corrective pullback in price happens which bounced off a major support 1680 zone.
Next usually see a consolidation where buyers & sellers take a breather, was the move correct & continues or is price oversold (in this case) & price increases.
The consolidation range is roughly between 1725-1750
Price only really does 1 of 3 things but it’s a collective of all 3 that we’re able to read chart data, chart art whatever. It’s either up down or sideways so as long as you adapt to what the charts are showing instead of hopelessly believing what you want to see happen.. I have no idea where this ramblings going honestly PEACE OUT!!
1750 resistance hit, was in buy from the break of the temp slopping resistance at 1728.
Im expecting this consolidation range to hold & next area of interest is 1725 support test of the consolidation.
Note 1738 area is acting as quite strong support.