Last week's rotation trading strategy was good // Rotation 11348 - 12262 (900pt range)
There's slight increase in bullish vol and reduction in bearish vol.
Apart from rotation strategy, preference, will be to long on retracement.
Possible scenarios:
1) If market rotates = rotational play strategy, i.e. trade at boundary of range
2) & (3) = Behavior change scenario
Weekly = Ave vol up bar close off high = minor weakness
Daily = Ave vol up bar close at high = minor strength
H4: Very high vol up bar, narrow spread followed by very narrow spread average volume
up bar = weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12906 12442
12262 - 11348 rotation zone
11800 11068 10359
<10,000 break of psychology support
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
