Market approaching previous high Some whipsaw expected. Preference is to long when price come to test the lower levels.
Weekly: Price advanced on lower volume. Spread has narrowed = weakness (no change in behavior yet) H4: UHV Upthrust bar with strength in background. If next bar closes higher, this then can be confirmed = weakness
Strategy for Short (Test and Reject) Strategy for Long (Test and Accept)
Entry based on price reaction to the levels on YM1!: