From the above chart you can see we have drawn on a few key support and resistance levels, circled in yellow you can see all the points where price tested these levels and bounced, this proves these levels are strong.
Most recently price broke 1287.987 support levels and closed below this level, we can see a possible retest of 1279.565 as this is the next key support level.
Also price broke out of a 4h wedge that had formed to the downside ( you can find this analysis in our FREE chart analysis Telegram group )
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