The rally a few days ago that broke the downward move is nearing it's end. Price rallied from the lows and reached a high of 11,100, which is the strongest rally since July 10. The rally now seems to be at its end, with price regularly failing to breach the 10,550 - 10,600 levels. Temporary support is at 10,300 but that seems to be failing as well.
We're looking at a consolidation at the 9,600 level.
4 hour chart showing the break of the downward stride, and the rally topping out.
We're looking at a consolidation at the 9,600 level.
4 hour chart showing the break of the downward stride, and the rally topping out.