Based on my calculation of support/resistance level, the 27820 level is an important level, since the 4H & 1H tell the same story.
Notice that level has been touched, by a "thin" candle, a few hours ago and has been hit many times in the past.
My analyze is that we are going LONG until 29080-29110. Since I see also that the lower Bollinger band is moving down fast from candles (It's a parabolic-like move to the top).
But if we breach-down the 27820 level, then we will need to watch for the price potentially going to 26K then rebouncing again.
Finally, in my opinion and based on my last idea, we are still on a BULLISH overall move to 39-40K (based on the weekly chart)
Let's see though.
Notice that level has been touched, by a "thin" candle, a few hours ago and has been hit many times in the past.
My analyze is that we are going LONG until 29080-29110. Since I see also that the lower Bollinger band is moving down fast from candles (It's a parabolic-like move to the top).
But if we breach-down the 27820 level, then we will need to watch for the price potentially going to 26K then rebouncing again.
Finally, in my opinion and based on my last idea, we are still on a BULLISH overall move to 39-40K (based on the weekly chart)
Let's see though.