We can that price held the weekly level at 100.963,87 $, maintaining that psychological level of 100K.
We can also see a inverse head and shoulder pattern. The two last candle closed and opened lower than the previous two. Previous two = shoulder, last two = head. Shoulderlevel = 101.497,22 $
If we zoom in on the 4H chart, we can see that we are still inside the 4H range but we are creating an inverse head and shoulder inside that range. The shoulderlevel of this pattern is in confluence with the daily level creating the daily shoulder level. Note this is first of all a counter trend trade and higher risk. And two : this is a short term trade. If we take the fibonacci level of the daily, the 0.68 level reaches just below the first structure and just below the weekly low.
