Last week, scenario2 4525 short was good. Preference will be to short on retracement. Watch reaction to 4368. If supported = Scenario3 possibility If broke and become resistance = continuation of Scenario2
Play scenario: 1) Test & Rejection of T+R area for short 2) Rejection of 4525 for short 3) Rotation play between 4631-4525
Weekly: Low volume down bar closing at low = weakenss Daily: Average volume down bar closing at low = weakness H4: High vol down bar closing at low = weakness
Price reaction levels: Short = Test and Reject | Long = Test and Accept