US30USD YM1! DOW 2022 AUG 29 Week

Aug 28, 2022

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.