Market went up on narrow spreads, made new high and a UHV ultra wide spread bar took out the previous 6 bars' low. This is weakness. If market moves up on tiny spread and lower volume, this is no demand, don't get trapped in long positions, or tighten stops if long.
Weekly: Low volume up bar closing off high = Weakness. Daily: Higher volume down bar closing off high, selling as market high was made. Tighten stops. H4: Ultra High Volume down bar close below middle and the low took out last 6 bar's lows = weakness. If next is a down bar this further confirms weakness.
Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept
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