• For recent area (Area 1), chart will face one major level (T1) at around 4.8
• Once 4 hrs. candle body to be closed inside area 5 or 6, we have tow major levels T2=6.1 and T3=7.
• Again, for area 7, after 4 hrs. candle body to be closed inside it, our major levels will be T3=8.5 and T4=9.7
As shown, we have two scenarios:
S1: Rebound from daily time frame support 39300.
S2 : Break S1 and rebound from daily time frame support 36100.
S3 : Break S1&S2 and rebound from weekly trending time frame support almost at 33900.
all three scenarios will lead to that chart trend as shown.