4H Momentum on my chart is very bearish. 1H is flat. 30M is a bit bullish and trying to retrace some. The 30M 5SMA is around 233.40 right now but as bearish as the 4H is and as flat as the 1H is we might not see that. Price might just continue to consolidate for the next 30 to 60 minutes and wait for the 5SMA to catch up to it, which is often the case during fast moves like we've just seen. 15M 5SMA is around 233.10. That might be the only retrace we see for now. Just speculation on my part.
M2B
M2B