Welcome to 2023! Have an abundant and successful year!
Possible scenarios: 1) Rotation zone 12140 - 10710: Trades can be executed at boundary of range.
Although not expected to happen, still keeping the breakdown / breakout scenario for future reference: 2) Breakdown scenario if redistribution schematic is fulfilled = Short on test of breakdown of 10890 / 10485 3) Breakout of rotation = possible long if price continues to trade at upper boundary of rotation zone.
Weekly = Low vol down bar close off low = No Supply H4 = Ave vol up bar close toward high = minor demand
Price reaction levels: Short on Test and Reject | Long on Test and Accept
12987 12140 11455 10710 10485 10000 9748
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