Scenario2 again come into play last week. Market should be attempting 4135-4212 region If market reach there, Wait for price reaction
Scenarios mapped out: 1) Test of breakdown 4368 (test may not happen), and price continue toward 4135-4212 region 2) 4135-4212 broken and price continue downward or 3) 4135-4212 again is supported and market attempts for next higher level.
Weekly: Ave volume down bar closing off low = weakness with some demand Daily: High volume down bar closing off low = weakness with some demand H4: Ultra High Volume down bar closing at low = strength
Price reaction levels: Short = Test and Reject | Long = Test and Accept