Price was marked up on low volume = possibility of trapping longs. Keep your stops tight if you are holding long positions.
Possible scenarios: 1) Sell if False break of 33590, test and reject of recent high 2) Long on test and accept of 32595 // 33590
Volume Analysis: Weekly: Low vol up bar close off high = possible selling, trapping longs Daily: Wide spread low vol up bar close off high = possible selling, trapping longs
Price reaction levels Short on Test and Reject | Long on Test and Accept
35228 34605 33590 32595 31657
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