Last week Scenario 1 long at support of 12018 proved profitable, an exhibition of the 3 TF's minor demand. Caution: Long trap observed by the low volume up bar, do not chase long.
Possible scenarios: 1) Short opportunity if: market goes up on narrow bars + closes are near to each other, then market retraced lower, attempts previous high and gets rejected 2) Long on support of 11930-12085 // 12405
Weekly = Ave vol up bar close toward high = minor demand Daily = Friday's bar went up on very low volume = weakness H4: Observation of market going up on average and low volume = weakness
Price reaction levels: Short on Test and Reject | Long on Test and Accept
13587 13200 12735-12823 12405 12085 11930 11348
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