According to the recent candle movements on the 4-hour timeframe, and the price's rebound from the 119–120 area, there is a possibility that a gradual rise will begin between 8 AM to 2 PM your time tomorrow, if the support of 118 is not broken.
🔹 Reason:
Usually after a strong drop, the market needs 8–12 hours to consolidate before rebounding.
The RSI indicator is close to oversold, which increases the chances of a rise in the next session.
The price's proximity to the edge of the green cloud may push it to rebound with the start of European liquidity movement.
118 is a strong support that should not be broken.
120 is a potential buying area.
124.7 and 126.5 are resistance levels that need to be surpassed.
The final target in this wave may reach 131 if the positive momentum continues.
The expected rise starts approximately between 8 AM and 2 PM if the price maintains the support.
