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as seen twice in the recent past (yellow circles) we might see a top-test failure with retest of the correction lows around 4340.00 before printing new ATHs.
While the hourly shows a working uptrend, it failed to build a proper channel, indicating that the upside movement is losing momentum in comparison to the downside.
Depending on how and where we open, I am inclined to take a short position back into intermediate support at 4485 and mamjor support at 4340, respectively. (talking CFDs here, to big moves for trading them with a futures contract)
I think it is wise at this point to expect some retracement given the weak PA we got Friday. The 1 hour chart posted by @Scalpingtrader suggests good moves occured after a retracement and a clear sign of strength displayed by a wide range bar. Each time this behavior occured we got a significant move to the upside. So maybe if you're not in a hurry you can wait for such a wide range bar to appear before considering a trade.
The reason why i like to look at MP or Volume profile is to form expectations otherwise how could i possibly realize the potential of an opportunity when it occurs. Take Friday, price stayed above its value area as shown on the weekly value channel. If price enters within this range my expectation is for price to retrace and possibly tag the other side of this weekly range.
I am giving it a try short from 4525, with one profit target for both the swing retest - range scenario as well as the full blown reversal, weighted towards the latter.