Happy New Year and have a prosperous 2022! Trade levels 15540 / 15650 given on 2021 Dec 20 with market targeting 16460 was achieved.
Rotation range remains: 16767 - 15540. Weekly/Daily = Price did not reach supply line of trend channel, possible pullback to demand line. Intraday short will be preferred as long as price within brown downward channel.
Weekly: Uptrend channel. Low volume upthrust bar (2nd UT) near reference high 16767.50 = Weakness. Daily = Uptrend channel. Ave volume UT bar followed by weakness (2nd UT after reference high) H4:High volume down bar closing off low. Short preferred on retracement for intrady.
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