On the smaller timeframe, we found an exaggerated divergence, which indicate a trend reversal, although not necessarily a Bullish one, but we are about to breakout of the wedge.
Sideways as shown in the larger timeframe chart above is what we expect during the following week, another support awaits in the end of the falling wedge at $8100.
Sideways as shown in the larger timeframe chart above is what we expect during the following week, another support awaits in the end of the falling wedge at $8100.