Last week, H4 chart showed price advancing on narrow spread is a classic long trap. 10 and 11 Feb's short due to this weakness worked well.
Preference is to wait for the price reaction at 34697.
Price reaction levels Short on Test and Reject | Long on Test and Accept
36446 35714 35311 34697 33734 33383 32737 32036
Weekly: Average volume upthrust bar closing near low = weakness Daily: Average volume down bar closing off low showed some demand is present. H4: Very high volume down bar closed higher than previous bar = strength
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