Let's today by looking at the daily timeframe to observe that it has created a higher low. Now as this higher low is a support that is also a reversal, we need to wait for the present candle to end to determine the trend tomorrow. The candle has already cross resistance, but it needs to close above that resistance to create a complete reversal and that will determine the trend for tomorrow.
In the 4 hour timeframe though, we can see lower highs and lower lows. The price totally crashed earlier today crossing the 2,900.00 support attracting buyers before dropping further and crossing 2 more support before creating a reversal candle and kept pushing, breaking resistance and along the way attracting sellers since clearing off buy volume and sellers start coming in the market. Since sellers start coming the price just keeps pushing further clearing off sell volumes but hasn't touched the last resistance in the consolidation zone yet which means it may go back down or either push up and attract more sellers before going on a trend because it's the last resistance in this consolidation zone. So do contemplate seriously next time before opening a trade because it may be attracting buyers or sellers, luring you into opening a trade and drag your order all the way into the red, or either sweeping your stop losses.
