Finally we see some movement from Dow. 34605-34432 rotational play based on 06 Feb's analysis garnered.
Possible scenarios: 1) Rotational play: Trades can be executed at boundary of rotation range 34605 / 32789. Note: 34605-34432: If market trades toward the upper boundary = possibility of breakout 2) Rotational breakout/breakdown: - If price breakout, long when price retraces and finds support
Volume Analysis: Weekly: Ave vol down bar close below middle = minor supply Daily: Ave vol up bar, demand overcoming supply = demand H4: Ave vol up bar close toward high = minor demand
Price reaction levels Short on Test and Reject | Long on Test and Accept
35750 35228 34432-34605 33624 33037- 32789
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