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There are some things that are going to be interesting to look for in upcoming price action. With Friday's movement, it is my opinion price action has lost interest in the upside Momentum is starting to bare down on the downside, and the monthly chart is about to have its way with things.
The 4-hour chart shows that price action got stopped dead in its tracks at the bottom of the cloud. What we should see to start the week is a slight bounce off the bottom of the cloud, and move towards the WR1 at 5426. There was so much effort exerted to get in the cloud, and the effort to stay in it, and then it barely peeked out of it, I think it has given up, and once there is a close through the bottom of it, whatever the peak was, that should be it for the week.
For future price action, the important thing to take note of is that TL that was drawn off both the 4-hour and daily charts. That aligns in the circa 5300 area, which also aligns with the bottom of the weekly cloud. That would represent a very strong confluence of support. We could even allow for a spike through that area in order for the WS2 at 5281 to be hit. Afterward, we should see some sideways action. What will happen, eventually, is a very sharp and convincing move through that point, and then the TL will act as R.
It's safe to say that this week, the WS2 will be containment as 5281.