Result for week of 23 Jan analysis yielded Intraday 100pts on 25 Jan and 450pts for levels/position trade. Price is now at the Rotational Resistance area. Higher TF did not display trend changing weakness. H4 is showing a potential weakness for long on retracement opportunity / temporary short opportunity.
Possible scenarios: 1) Short if rejected between 12400 - 12140 / 11727 2) Breakout of rotation = possible long if price continues to trade at upper boundary of rotation zone.
Volume Analysis: Weekly = Ave vol up bar close off high = Minor weakness Daily: Ave vol up bar close off = Minor weakness H4 = Ave vol down bar (UT) S>D = Possible Trend Change
Price reaction levels: Short on Test and Reject | Long on Test and Accept
12987 12400 - 12140 11603 10890 10710 10484
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