Last week short preference worked well. Scenario1 UT target 12180 reached.
Possible Scenarios: 1) Short on retracement 2) Rotation: Trade at boundary (wait for signs of S/R) 3) Test and Reject of T1 area for short 4) Downtrend continuation after rotation: Short on Test and Reject
Weekly = Average vol down bar closing at low = weakness Daily = Low vol wide spread down bar closing at low = minor strength H4: Low vol down bar close off low - minor strength
Price reaction levels: Short on Test and Reject | Long on Test and Accept