The 4-hour level is a pullback wash after a rebound high. The long-cycle uptrend structure has not been directly broken yet. Short-term short positions can be lightly hedged for a test, but the overall long bias is irreversible!
Focus on support at 84,000 and 82,800 below. If they stabilize, look for an upward push by the North Bound to 87,500. If a valid breakdown occurs, then further targets will be 89,300.
Focus on support at 84,000 and 82,800 below. If they stabilize, look for an upward push by the North Bound to 87,500. If a valid breakdown occurs, then further targets will be 89,300.
