Last week's 4071 rejection + channel rejection provided fruitful short. Currently market is temporarily supported at 3903.
Possible Scenarios are considered: 1) Long if 3903 is supported 2) Short on low vol retracement / rejection at 4080 / 4030 / 3903
Weekly: Higher vol down bar close off low, same spread as previous bar = demand coming in Daily: Ave vol down bar close off low = minor demand H4: Ultra high vol bar + high vol up bar = demand coming in
Price reaction levels: Short = Test and Reject | Long = Test and Accept
4303 4204 4029 3903 3743
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