Price Now Moving Into Price Flip Support Level

We discussed this market yesterday and the inside bar and bearish rejection candlestick that price had formed at the daily resistance level.

Price has now sold away from that level and is moving lower into support.

This support looks crucial.

Not only has this support level held in recent times as a support level, but also as an important daily chart resistance level.

If we get a break below this level, then there is a lot of free space for price to move lower and break free into.

A break of this level would also open the door for short trading opportunities on the daily and smaller time frames.