US30USD YM1! DOW 2022 MAY 30 Week
Updated
Last week market returned late weekto test edge of rotation zone.
Note: Strongest demand volume observed since downtrend.
Possible scenarios considered are:
1) Test rotation and rejected, for return to lower levels
2) (a) These levels become support for long
(a) 33205 (b) 32728 (c) 31411
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34807 34027
33531 33205 32728
31411 30584
Weekly: Ave vol down bar close off low = minor strength
Daily: Ave vol up bar closing off high = minor strength
H4: High vol up bar closing at high = strength
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Have a profitable week ahead.
Note
Update volume observationWeekly: Ave vol up bar close near high = minor strength + reversal
Daily: Ave vol up bar closing off high = minor strength
H4: Ave vol up bar closing at high = strength
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