Intraday Support Being Tested

This has been a very interesting market to chart and follow in recent times on both the higher and smaller time frames.

After making a large move higher on the 4 hour chart from the huge 2 bar reversal we discussed, price has now wiped off most of those gains.

Price is testing the recent intraday support level that looks an important short-term level.

For price to regain some momentum this level will need to hold.

A period of consolidation on the 4hr/1hr time frames would not be surprising after the recent price action and where price currently sits.