Last week we see a Scenario1 Rotation followed by Scenario3.
Market descended on strong volume, very nice short.
Possible scenarios considered are:
1) Market continue to be in rotation between 33205-32500
= Wait
2)32728 becomes support
3) 32728 becomes rejected and market return to test
30584-30926
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34807 34027 33531
33205 32563
31411 30926 30584
Weekly: Ave vol down bar close at low = Supply remains
Daily: Ave vol down bar closing toward low = Supply remains
H4: Ave vol down bar closing off low = some demand present
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Have a profitable week ahead.
