and price is accepted below the major VAL
Two daily Value Areas have been printed below 4597, the 3mn Value Area Low (dashed line on chart). In a market with a bias higher, tests of major VALs or often quickly rejected but instead we have seen acceptance (time) below that level. I’m not looking at new longs unless 4688.50, the 12-month Control, is recovered.
Dayframe: A minor control (4day) has emerged at 4540.5 and in the ST price relative to this level would be useful to monitor.
