A double bottom looks to be forming here in the short-term. A morning star candlestick formation will be completed if the latest 4 hour closes at around 10500. This is a bullish formation and we could then see the double bottom play out, which is a good reversal signal.
Nice wave going on here. May be shaping up for a bounce at the 1 fibonacci wedge to the point of control or .5 fibonacci retracement . Key resistance on the fibonacci pitchfork at 1 and 1.5.
