US30USD YM1! DOW 2022 FEB 21 Week
34697 weakness provided good short .
As market approaches UHV area of bar A, possible scenarios:
1) Long if 33734 is supported
2) Long if 33031 - 33355 is supported
3) If price is resisted at black trendline and 34367 region =
short opportunity
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 33734
33355 33031 32737
32036
Weekly: Average volume down bar closing near low = weakness
Daily: Average volume down bar closing off low showed =
demand present
H4: High volume down bar closing off high = demand present.
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Have a profitable week ahead.
