Price is coming off of the resistance line near 2480. Look to see if price will continue further down to the lower parallel channel, and see if price could possibly break it, as it seems that the current bar is pointing prices lower. If we break down look at the 2400 level as possible support, as well as the lower parallel channel line.
Price has broken down after hitting the sliding median line and going lower. Look to see if price can break 2456 hard and then 2450 area. We may come to retest the blue median line and pink median line energy point before going lower.
Price has found some support at 2450. We are looking to see if price will climb and break the 2480 area to see if it will try to reach towards the top of the parallel channel again. If it breaks 2450, look for a test of 2400 and possible break lower.
Price has started to rice higher looking to try to break 2461 and 2480 resistance. Look to see if price can work its way higher, or if we will hold as resistance here and continue dropping. We are in a consolidation point here. Look to see if price wil break 2450 or 2480.
Price has hit the median line parallel, as well as the blue middle median line, and has dropped into the pink median line again. Look to see if 2460 acts as resistance, if now, we should see a continuation higher following the blue median line again.
Price is now fallen again off of resistance around 2480, and has landed at 2450. Look to see if price can hold here and try to break again. If not, we should eventually either retest the blue median line again on the back, or break down lower under 2450 to go to 2400 again.
Price has bounced off of the lower median line, and is now following the next sliding parallel above it, as well as bounced off of the 2450 area. I drew in the pink down pointing median line to see if we have any resistance on it.
Price has risen after hitting the sliding action reaction set parallel and is now at prior resistance near 2480. Look to see what price does here. It has come up and done a retest or a switch back of the broken lower blue median line. Price often does this with median line breaks, so see if price stay below the lower blue median line.
Price has risen all the way up to the top of the median line at the upper median line parallel. Look to see if price will hold here at resistance to give more selling opportunities as we may possibly come down to test at least 2451 from here.
We are looking at 2450 as resistance here. If price breaks to the upside, look for 2461 and the upper median line parallel as possible resistance points. On this time frame it looks like price could pull back a little maybe to near the 2440 area to show as possible support again.
Price bounced off the lower median line nicely,filled the gap, and stalled at prior resistance near 2454. It looks like there is some new strength in the market on this time frame. We should see a drop to at least 2439-2444, then show some support somewhere in there.
Price has broke down from the 2454 and also the 2449 level around the psych level of 2450. We have also touched the lower median line again which has shown great frequency in the past. Look for price to pull back a bit here before possibly filling the gap near 2439.75.
Price has gapped down to the median line, after hitting the sliding parallel and 2450 resistance confluence. Look for price to rebound momentarily here at support, before potentially dropping below the middle median line, retesting, then dropping further as a potential drop continues. If we go higher than 2450 for some reason look for 2461 and the upper median...
Price has dropped down from 2450, and is now resting on possible support near 2440. I have drawn in the channel that we are in within the fork, so look to see if price will continue down possible for another move. 2440 is possible heavy support, so if we break down below 2440 and 2416 look for a possible break and retest of the middle median line.