Last week Scenario 1 was good.
Market going into previous demand zone.
If 11068 is reached, wait for price reaction as there was where
the previous test and acceptance of uptrend price level was.
Possible scenarios
1) Test and reject of 12543 / supply line for continuation of short
2) Test and Reject 12110
3) Market spend some time in rotation between 11690-12543
Weekly = Average vol down bar closing off low = minor strength
Daily = Average vol down bar closing about middle = minor strength
H4:Ultra High vol down bar followed by high vol up bar closing at
high = strength
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14729 14365 13587
13025 - 12895
12543 12110 11690
11100-11068
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Have a profitable trading week ahead.
