Price just pierced the fib 50% hourly, putting the price in the Bearish side of the swing bias. The last defense (fib 78.6) is at
3990.90, if that fails then the trend reversal support at 3970~ will be retested.
Otherwise if the price can close above the Bias and stay on the Bullish side of the current swing, price may get to the pullback at 4067 and then push for the resistance to a new weekly high.
3990.90, if that fails then the trend reversal support at 3970~ will be retested.
Otherwise if the price can close above the Bias and stay on the Bullish side of the current swing, price may get to the pullback at 4067 and then push for the resistance to a new weekly high.