Last week's short from Red zone was good. Test for supply at 14946 was successful. Concern: Market approached resistance & demand line on narrow spread, background was effort no result.
Monthly: Narrowing spread, SOT, Tiny Very Low Volume Bar = Weakness Weekly: Narrowing Spread, Effort no Result = Weakness Daily: Narrowing Spread H4: Narrowing Spread, Effort No Result
Strategy for Short (Test and reject): 1) Upthrust followed by weakness back into 15134 - 15172 2) Resisted by Daily Channel Demand Line
Strategy for Long (Test and support): 1) Green zone 2) 14946 3) Daily Channel Demand Line becomes support 4) Bullish Absorption, Red zone becomes support
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