Last week's short preference worked well, and rotation low
target reached.
Weekly: Uptrend channel, near demand line.
High volume down bar close near low = weakness still
present
Daily = Uptrend channel, price is near demand line.
High volume down bar closing off low = some demand.
H4:High volume down bar closing off low.
Short preferred on retracement for intrady.
17441 17070
16767
16660 16481
16135 15905
15538 15250
15000 14892
Short on Test and Reject | Long on Test and Accept
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Have a profitable trading week ahead.
Note
Correction to H4 description: H4:High volume down bar closing at low = weakness
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.