Both scenario did not play out, rather resistance at 34782 did provided some short opportunity. Market rotated between 34782 and 33383.
Preference to adopt rotational play, i.e. entries will be made at the boundary of the rotation range.
Price reaction levels Short on Test and Reject | Long on Test and Accept
36446 35518 34782 33734 33383 32737 32036
Weekly: Very high volume up bar closing near high = Weakness Daily: Average volume up bar closing at high = strength H4: Average volume up bar closing near high = strength
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Hi. Why your analysis is only based on H4 time frame?
paradox677
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@TK_71, Daily/H3/H4 are my favorite time frames for planning, with the versatility to scale down for intraday and scale up to daily for swing. Usually the chart's TF shown is one that can provide clarity on structure.
If you scalp, then probably you'll need to scale down to H1/M30 to look at the structure. Keep in mind though that Strength / Weakness at a higher time frame tend to exert greater influence over price movement.