Last week supply returned for Scenario2 short opportunity.
Possible scenarios:
1) Daily/Weekly analysis showed minor strength,
let's see if demand is able to overcome supply for uptrend
continuation.
2) Short on rejection of 34027 or market
retraced on low volume.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
34807 34027 33205
Weekly: Ave vol down bar close off low = minor strength
Daily: Ave vol down bar close off low = minor strength
H4: Very high volume up bar close off high followed by
down bar = weakness
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Have a profitable week ahead.
