US30USD YM1! DOW 2022 SEP 05 Week
Last week's short on retracement/channel rejection was good.
Temporary support at the moment at 31221.
Possible scenarios:
1) Long at 31221 / dotted trend line support
2) Short on rejection of solid trend line / 32029 / 31221 /
retracement on low
volume
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32546 32029 31221
30406 29639
Weekly: Higher vol than previous bar, narrower spread,
close off low = demand coming in
Daily: Ave vol down bar close off low = minor demand
H4: Ultra high vol bar + up bar close of low = minior demand
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Have a profitable week ahead.
