Market didn't manage to test 4175-4094 area last week indicated
lack of demand, with the weekly bar displaying it more saliently.
Preference will be short on retracement.
Scenario Planning:
1) Short at rejection of trrendline or price levels
2) Long if price breakout of trend line, retraces and is supported
Volume Analysis:
Weekly: Low vol up bar close off high = No Demand
Daily: Ave vol up bar close toward high = No Demand
H4: Very high vol up bar close toward high = potential selling into
higher prices
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4094 3928-3788
3580 3502 3231
Remember to like and follow if you find this useful.
Have a profitable trading week.
