US30USD YM1! DOW 2022 JULY 04 Week
US30USD YM1! DOW 2022 JULY 04 Week
Scenario1 short last week was good.
Market did not reach bottom of channel, temporary return of strength
Possible scenarios:
1) Channel resistance = short
2) Market rotation = trade at boundary of range
3) Behavior change senario
4) Trend continuation - channel boundary trades
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32563 31867
30406 29639 26212
Weekly: Ave volume down bar close in middle = indecisive
Daily: Ave vol up bar close at high = minor strength
H4: Ave vol up bar close off high = weakness
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Have a profitable week ahead.
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