In anticipation of an interest rate hike next Wednesday – we are testing the support area.
The support comes from the area of ​​the previous accumulation and the last hole in the days.
On Friday we saw a day bar with a small spread and relatively high volume showing that there were buyers (probably closing short).
Such a situation calls for a recovery from the decline. however, let us remember about the supply hanging over us.
To be closer to the market, I suggest observing lower intervals that can give us information faster.
Feel free to analyze the hourly chart.