Last week's preference to keep to long last week was fruitful.
Weekly: Up bar close below 50% of bar = weakness and a third off the high = weakness. Daily: Price is attempting to test recent high in the red zone, nothing meaningful yet on daily chart. H3: Market moving up, but shortening of thrust. Effort no result = weakness
Long will be at the channel's demand line or when price is marked down to test previous UHV wide spread bars.
Strategy for Short (Test and Reject) Strategy for Long (Test and Support) Entry will be based off the price reaction to these levels:
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