There is a new forming. However, this is on the 4 hour chart so there could be more as tries to find its local low.
Support 1 @ 3900
Support 2 @ 3300
Support 3 @ 1500
Oh well, looks like a bullish falling wedge is forming. Could see it converge on the yellow or the blue line before a breakout. Volume is low so we could see these levels fail to build enough momentum for an outbreak.