Last week a historically UHV down bar appeared. Strength always appears on UHV ultra wide spread DOWN bar.
Weekly: Market has rolled over with a wide spread down bar closing in middle (UHV) = Indecision. Price bounced off Monthly channel demand line. Daily: Shakeout + Reversal = Strength. Market was resisted at 26340 temporarily. Given the UHV, there should still be supply to clear. H4: Bar A UHV ultra wide spread bar closing off low = strength. Automatic reversal after climatic Bar A has reasonably good bullish volume. Test of the lower region of bar A is to be expected. Bar B test of low has off the low and level with bar A, some demand is present.
Strategy: (1) Red/Green zones = preferred entry (2) Dotted Red/Green is to indicate late entry, but risk will be higher since SL is further away
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