Last week initial boundary for rotation was set 11348 - 12262 (900pt range) when
the minor strength on all 3 TFs manifested in market testing recent high.
I will keep last week's scenario plan in place.
After last week's bullish effort, market may pause and test 11800 / 11348 levels.
Possible scenarios:
1) If market rotates = rotational play strategy, i.e. trade at boundary of range
2) & (3) = Behavior change scenario
Weekly = Ave vol up bar close off high - minor weakness
Daily = Ave vol up bar close off high = level close + narrower spread at higher vol
= weakness
H4: UHV up bar close off high = weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12906 12442
12262 - 11348 rotation zone
11800 11068 10359
<10,000 break of psychology support
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Have a profitable trading week ahead.
