The hour chart shows a consolidation and rejection period between the 77400-77600s and in a lower 30M time frame, we see multiple bearish engulfing after a constant 3 bar up play and it gets eaten up with 1 candlestick. Sellers showing control, expecting it to touch the bottom of this downward support at 74000 before a possible break or bounce back to next resistance area.
Comment:
Much momentum to the downside as expected. if it breaks below the 77000s another short position may be placed to aim for 0.76000