As you can see here, last 3 reversal points formed lower high on daily chart.
I'm waiting to see what will be the price reaction on 4431.73 level,
If on 4H I will have a confirmation that trend will continue,
I am expecting to see the price even lower
4312.80 is my main level and support and also an important level that could be a reversal point.
Also we have an important week ahead
September 19 2023 - Building Permits
September 20 - Fed Interest Rate Decision / FOMC
BoE / BoJ Interest Rate Decision this week also
I'm waiting to see what will be the price reaction on 4431.73 level,
If on 4H I will have a confirmation that trend will continue,
I am expecting to see the price even lower
4312.80 is my main level and support and also an important level that could be a reversal point.
Also we have an important week ahead
September 19 2023 - Building Permits
September 20 - Fed Interest Rate Decision / FOMC
BoE / BoJ Interest Rate Decision this week also