Last week's Scenario1 long on support of dotted trend line was good. Caution: long trap observed, do not chase long.
Possible scenarios: 1) Long if 31450 / 31864-32029 is supported 2) Short on rejection of solid trend line / 32546 3) if triangle formation observed there may be short opportunity
Price reaction levels Short on Test and Reject | Long on Test and Accept
32546 32029 31864 31450 30975 30406
Weekly: Low vol up bar close off high = minor weakness Daily: Low vol up bar close off high = weakness H4: Low vol narrow up bars + narrow close, followed by ave vol up bar + UT bar = weakness
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