Last week, rotation support long was good. 3 TF analysis is displaying weakness. We should be expecting lower prices temporarily. I'm keeping the existing scenario plan from last week.
Possible scenarios: 1) Channel resistance / rotational resistance = short 2) Market rotation = trade at boundary of range 3) Behavior change senario 4) Trend continuation - channel boundary trades
Price reaction levels Short on Test and Reject | Long on Test and Accept
32563 31867 30406 29639 26212
Weekly: Low volume up bar close off high = minor weakness Daily: Ave vol up bar close toward low = weakness H4: Very high vol up bar close off high toward middle + level close in background = weakness
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