We are slowly coming down along the path of the downward pink fork on this time frame. Look to see if we have any movements showing resistance or support on this fork. Price is in a consolidation between 2451 and 2417.
Price is holding here at 2427 area. Look to see if price continues to hold and rise. If we fall look for 2418 and 2402 area as possible support. Above look for 2477 area around WL2 as possible resistance.
Price came down a bit from the WL1, I had thought that it may continue extending, but it pulling back a bit to fall back below the wl1. Look to see the sliding parallel line as marked to continue the trend, or possible a rise from here with hidden support as marked.
Price has come down a bit from hitting near the median line around 2451 area. look to see if price wil bounce up fro here on the double test of the lower median line as marked. If not. we could passible see a new trend down as marked with the yellow fork, as price is showing a bit of weakness now.
Price has started to run out of steam after hitting close to the median line on this time frame. Look for price to possible pull back a bit more to the pereious highs at 2443 area, then show support and contnue.
I have drawn in a new width fork that has captured price nicely, as we have broke the price action to the upside. Look for price to continue to at the mimum the median line on this particular timeframe.
Price has bounced off the sliding parallel on the and is rising again. Look for the next sliding parallel to act as minor resistance then if it breakes the next after. Price is at the ABCD extension of the move up, so keep that in mind.
Price has broke through WL1 after hitting resistince and the sliding parallel coming from the high on the left. Look for price to retest as support on wl1 or or the resistance turning support at 2440 area, and then continue higher.
Price has hit the 2436 area of minor resistance, and is dropping. Price should drop further down to at least 2417. If we break 2417, we should see price hit the sliding parallel, and perhaps continue lower to the median line. 2417 is the level to watch at the moment if price will drop below or not.