After forming some explosive price action in both directions recently, price has cooled off and is in consolidation mode.
As the 4 hour chart shows; price has formed a bullish pin bar at the recent price flip support level, followed by an inside bar.
This intraday support level looks key for this market and an important level to watch in the coming sessions.
A break lower and price would be open to fall into the recent swing lows. For any move back higher there is a very close intraday resistance level that price would have to break through.
As the 4 hour chart shows; price has formed a bullish pin bar at the recent price flip support level, followed by an inside bar.
This intraday support level looks key for this market and an important level to watch in the coming sessions.
A break lower and price would be open to fall into the recent swing lows. For any move back higher there is a very close intraday resistance level that price would have to break through.
