Last week's short on break of boundary was fruitful, with price reaching a major demand area. Thereafter, demand came in strongly to protect their position, presenting to us a wonderful long opportunity.
Preference will be to long on retracement.
Scenarios: 1) If market comes down on low volume, look for long when price finds support. 2) Supply overcome demand for short
Weekly = Average volume down bar closing off low = some demand, but weakness still present. Daily = High volume shakeout followed by average volume up bar closing at high = Strength H4: Very High Volume up bar closing at high = Strength.
Price reaction levels: Short on Test and Reject | Long on Test and Accept
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.