Last week's 3903 support provided fruitful long. We have an engulfing bullish weekly bar. Possibility of continued upward momentum, for long preference.
Possible Scenarios are considered: 1) Long if 4010 / 4095 is supported 2) Short on trend channel rejection / rejection at 4095 / 4010
Weekly: Ave vol up bar (engulfing bullish) = strength Daily: Ave vol up bar close off high = minor weakness H4: High vol bar + low vol UT bar = weakenss
Price reaction levels: Short = Test and Reject | Long = Test and Accept
4303 4204 4029 3903 3743
Remember to like and follow if you find this useful. Have a profitable trading week.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.