US30USD YM1! DOW 2022 AUG 29 Week
Last week's 33205 rejection provided short opportunity.
Possible scenarios:
1) Long at 31780 support
2) Short on rejection of 32546 / 31780 / retracement on low
volume
Price reaction levels
Short on Test and Reject | Long on Test and Accept
34027 33326 32546
31780 31780
Weekly: Ave vol down bar close off low = Supply + some demand
Daily: High vol down bar close toward low = Supply, +
some demand coming in
H4: Climatic + high vol down bar close at low,
breaking down a previous support = bearish absorption
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Have a profitable week ahead.
