Updated

4HR close below $200

We will at least be coming down to test the 180 area next after a 4hr close below 200. I will update as time moves forward here.

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Following this currently:

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Weekly: Possible by week end we close with a Red 8, red 9 would suggest downtrend exhaustion.

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Maybe...maybe...

Until we get a clearer direction, I'm still waiting. Careful around these levels. Trade safe, and good luck!

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Some slight divergence starting on the 30m

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As the week continues, I'm hoping for this to remain a 9, as this would suggest upside.

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Potential Bear flag, targeting 180 zone.

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DO NOT trade this, this is ONLY an idea that could possibly play out.

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This would give us a target of 150, IF it happens to play out.

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Not a perfectly drawn setup, but our Supports/Resistance also align with this idea potentially.

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Keep your eye on this bearish volume, it keeps showing back up - and if I had to guess, signifies the bears aren't as exhausted or wiped out as everyone thinks.

Kgear117

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Kgear117