Last week's trapping longs and rejection of 36572-36416 provided
good short opportunity.
Considering Weekly and H4 weakness, preference to short on
retracement.
Possible scenarios play out provided.
Short on Test and Reject | Long on Test and Accept
37760 36960
36806 36418
36120 35882
35549 35164
34894 34547
33927 33383
Weekly: High volume down bar closing near low = weakness
Daily: A lower volume narrow spread bar closing off low = No supply
H4: Bar 1 & 2 effort no result = weakness
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Have a profitable week ahead.
