Very good channel support long and short from 11035. Price still adheres to the downward channel. Short preference remains.
Possible scenarios: 1) Long on temporary retracement / channel support 2) Short on channel resistance 3) Short on test of break on breakdown of channel support / 10305
Weekly = Ave vol down bar close off low = some demand present Daily = High vol up bar followed by down bar = effort no result H4 = Ave vold down bar close at low = minor supply
Price reaction levels: Short on Test and Reject | Long on Test and Accept