Both scenario did not play out, rather resistance at 34782 did provided some short opportunity. Market rotated between 34782 and 33383.
Preference to adopt rotational play, i.e. entries will be made at the boundary of the rotation range.
Price reaction levels Short on Test and Reject | Long on Test and Accept
36446 35518 34782 33734 33383 32737 32036
Weekly: Very high volume up bar closing near high = Weakness Daily: Average volume up bar closing at high = strength H4: Average volume up bar closing near high = strength
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