Looking at your weekly support we do have nice cluster support at 4600-4800 zone
And the daily wash and rinse of previosus high , for now we can see a decent flow through on the sell signal.
Looking at our support levels on daily. We are resting on the confluence support zone and this very likely to cause a bounce. This is the key support level we are going to monitor this week.
İf we drop to more lower timeframes; We do have confluence + agreement resıstance level on 1hr. Weekly and daily trends are down thıs can be a good spot to short the market for intraday trading.
Note: My analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. It is my own view of the market and is not endorsed by Joe DiNapoli or any related companies.
