Last week market returned late weekto test edge of rotation zone. Note: Strongest demand volume observed since downtrend.
Possible scenarios considered are: 1) Test rotation and rejected, for return to lower levels 2) (a) These levels become support for long (a) 33205 (b) 32728 (c) 31411
Price reaction levels Short on Test and Reject | Long on Test and Accept
Weekly: Ave vol down bar close off low = minor strength Daily: Ave vol up bar closing off high = minor strength H4: High vol up bar closing at high = strength
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הערה
Update volume observation Weekly: Ave vol up bar close near high = minor strength + reversal Daily: Ave vol up bar closing off high = minor strength H4: Ave vol up bar closing at high = strength
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