Possible Scenarios are considered: 1) Long if 3940 / 4071 supported 2) Short on low vol retracement / rejection at 4071 / 3940
Weekly: Ave vol down bar = some demand Daily: High vol down bar close off low = some demand H4: Climatic down bar followed by very high vol down bar close at low, breaking through previous support = bearish absorption
Price reaction levels: Short = Test and Reject | Long = Test and Accept
4303 4204 4071 3950 3743
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