H4
Further downside action is very much possible towards the lows of 3900, where the black curve is on H4.
This would imply that current upward motion might be a bull trap. The only way that this can be verified that is not a bull trap is that if 4180 gets broken severely upwards as indicated on the M5 time frame, otherwise if 4180 is respected then sell at 4180 for a target of 4100 followed by 3950
Further downside action is very much possible towards the lows of 3900, where the black curve is on H4.
This would imply that current upward motion might be a bull trap. The only way that this can be verified that is not a bull trap is that if 4180 gets broken severely upwards as indicated on the M5 time frame, otherwise if 4180 is respected then sell at 4180 for a target of 4100 followed by 3950