Fantastic week for the shorts and recovery late week let us finish the week with an awesome long trade after a shakeout.
With the spring and return into rotation zone, preference will be to long on retracement.
Weekly: Average down up bar closing near high = strength Additionally, it looks like a reversal set up. Daily: High volume up bar closing at high followed by average volume up bar closing at high = strength H4: Very high volume up bar closing at high = strength
Price reaction levels: Short = Test and Reject | Long = Test and Accept
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.