Did you take the Scenario2 short from 12271? After the breakout, market is back to test previous rotation zone. 11706 will be critical to sustain the breakout.
Possible scenarios: 1) 11706 support holds + higher lows = long 2) 11706 becomes rejection = short on test and reject
Volume Analysis: Weekly = Lower vol down bar close off low - minor weakness Daily: Ave vol down bar close off low = minor weakness H4 = UHV narrow spread down bar + next bar higher = demand coming in
Price reaction levels: Short on Test and Reject | Long on Test and Accept
13587 12987 12137 11706 10710
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