Market tested 13000-13100 and provided long opportunity. Price is now about previous high.
Possible Scenario: 1) Market returns below 14327 and back into the 14327-13100 rotation zone. 2) Market finds acceptance at the 13900/14327 levels for long opportunity.
Weekly = Average volume up bar closing at high = strength (strong reversal bar) though still weak but weakness still present. Daily = Average volume up bar closing at high = strength H4: Average volume up bar closing at high = strength. Concern is the previous ultra high volume bars didn't show result from effort. Exercise caution if long, keep stops tight.
Price reaction levels: Short on Test and Reject | Long on Test and Accept
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