Support at 28886 long was fruitful. Market is in rotation of 1800pts. Next target should be toward bottom of rotation range 28635.
Possible scenarios: 1) Rotation play = trades to be taken at boundary of range. 2) Signs of breakout = look for higher lows / market loitering near -> breakout of zone, --> test and accept of breakout = long 3) Signs of breakdown = look for lower highs / market loitering near bottom of range --> breakdown of range --> Short on test and reject of breakdown
Price reaction levels Short on Test and Reject | Long on Test and Accept
Weekly: High vol up bar close off high toward middle = undecisive Daily: Ave vol down bar close off at low = minor supply H4: Very high vol down bar close at low = demand present
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