1- We hold 9,400 and we try to break 9,800 in a failed way, which would leave us within a consolidation channel for some days between 9,400 and 10,000, resulting in the breakdown of one of the two zones (Being more aggressive if we break upwards , due to a CME GAP and in addition to scarce resistance zones) For now, we have a hidden bullish divergence in the 4H chart, it should be noted.Anyway, on a bullish level we still look good, so I recommend being bearish only in front of the confirmations said above, of course without hesitation for a second. 9375 looks good for trying to take a knife into the air, with a short stoploss. And so try our first option.
2- We do not hold 9400 and we end up within our blue zone, in a period of consolidation (between 9180 and 9400), a very good area for scalping, although we will most certainly test the parallel support line from months ago if we reached this blue zone (9000 if it passes in at least 5 days, 8700 if we get to leave the blue zone in the near future, 1-2 days)
3- The supports and trend lines cannot bear the downward pressure (Case to consider only if a break within 9180 has a large volume and the candles continue to close below this level) a point that I would take as a reference for deactivate my scalper mode and go for everything with the bears, it would be 8800, where all our lines of defense intercept, if the volume is clear and this area is bleeding, we must take objective # 1 8400 (EMA200) and 7700 as the second (Important support channel)
Despite the fact that the volume has been really bullish, in the 4H chart we have had 3 hidden bullish divergences in the past 3 days and the price has remained like a warrior. For me, this is still suspicious and important, since right here, really interesting things could happen.1- (It is probable) - Continue as we are, with bullish responses, it would lead us to test 9800, a level that I have been asking for for some time, without too many obstacles to overcome, it would be an easy objective, we must remember that right there, we have several levels of major resistance. 3, to be exact, our historical regular resistance (9780), the parallel resistance channel (9850) and the red line (9745). For this scenario to happen we must not break below 9480, if and only if we manage to hold the price above this level, we must take bullish positions with a target close to 9800. Taking positions with stop loss below this level is also a good choice with great R: R ratio.