Previous high test and reject and Test and accept of 35365 were good.
Weakness expected, but no change in trend yet. Strategy will be to Long on test of lower level and short on rejection of higher prices
Weekly: Narrowing of spread even on higher volume = weakness (no change in behavior yet) Daily = Average volume up bar closing off high = Weakness H4: Shortening of thrust. Significant bearish volume observed since the ascend = Weakness
Strategy for Short (Test and Reject) Strategy for Long (Test and Accept)
Entry based on price reaction to the levels on YM1!: