The 4 hour line in the sand support broke yesterday, leading to a dump and 15 min RSI in the teens as hourly RSI hit right above 30. First hourly oversold bounce from a 7 day bull run got a lot of bounce follow through as is usually the case. Now we have a daily inside bar and I am watching the "Higher low every day" pattern.
A break of $11,187 today would lose that pattern and have us looking for the daily higher low. If the inside bar today holds, it will require a break of today's low to see clear daily consolidation. I played the oversold bounce for a quick flip, and still patiently waiting all cash for a more clear setup. Bears are watching for a 4H lower high to try and top fish $12,320 resistance.