In this chart i used very basic S/R flip methods to define S/R zones that could play a role in future price action. Generally you want to look to long the green supports (or better retests of it) and short the red zones (or better retests of it). If price breaks a level it flips to the opposite. S to R and R to S. This is a very high time frame view, thus good for...
The market is showing no strenght whatsoever. The volume is absolutely disgusting on the past two days (published 2h before the daily close) and this looks very much like a continuation of the downtrend to me. Although the downward momentum is weakeing aswell, upward is even worse though. I expect a slow grind between 6800 and 5400 for the next weaks.
