The daily Ultra Lo Volume down bar and support at 11930 provided good meat for week of 13 March. Market finally broke through 12418 and is near supply zone 12810-12950. Let's see how price reacts to this level.
Possible scenarios: 1) Possible formation of rotation 12950-11930 = trade at boundary of zone 2) Long on retracement 3) False break of 12950 for short
Volume Analysis: Weekly = High vol up bar close off high = minor weakness Daily: Ave volume S>D bar into an area of previous resistance
Price reaction levels: Short on Test and Reject | Long on Test and Accept
14361 13587 12950 12950 11930
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