I see a Ping Pong setup on the Hourly chart.
A new S&R Zone formed. You can see that price action is now within a channel, made from 4 levels of Resistance Areas above (with a Gap Down; S&R Zone; and two trendlines (in green and red dotted lines) AND 3 levels of Support Areas below (with a Swing Low at 65.30; tall S&R Zone; and Swing Low of 64.65).
The candles can keep bouncing back-and-forth between these multi-layered areas of Support and Resistance until a breakout happens.
