Monthly supply in control. Weekly supply in control. This is a major reversal that could reach opposing demand at 1100.00. There is new valid demand 124.42. This will be a great short. There are probably great nested 4 hr levels in that demand area. There is also definitely room for a 3:1 profit target.
We have hit a stacked level of 3 months (grey) , 1 month (orange), and weekly (green) level of demand
As a reaction off that level we have broken daily descending daily trendline (blue)
we ave removed a valid daily level (blue) of supply and created a new ascending daily TL.
Now we have a H4 (4 hour) level to go ...