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
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