Last week bullish absorption and price made new high. Concern: - H4 UHV ultra wide spread bar looks like buying climax, - Very high bearish volume has appeared since the uptrend from 19 Aug, keep stops tight if long - shortening of thrust
Weekly = High volume up bar close on high = strength Daily = High volume up bar close on high = strength H4 = Ultra high volume ultra wide spread up bar followed by tiny spread up bar closing on low = weakness
Strategy for Short: (Test and reject): Strategy for Long (Test and accept): Entry will be base off price reaction to these levels:
- 15434 - 15377 - 15314 - 15138 - 14999
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