Daily Timeframe: The shows that the selling activity seen on the has forced the market back down to around a minor daily swap level coming in at 17841. Assuming that the sellers keep up with this enthusiasm, we could possibly see price test a small daily demand area seen below at 17717-17767.
1hr Timeframe: It was mentioned in the previous analysis that we were looking for buy trades in between 17925/17895. We unfortunately missed our entry at a glaringly-obvious 5 minute Quasimodo around 17901 which was good for a scalp trade. From there the DOW traded up to a 1hr supply area at 17961-17951, where at which point an aggressive sell off was seen down into a 1hr demand area coming in at 17785-17814 (seen just below the 17841 daily swap level).
Assuming that the buyers can break above the 1hr decision-point supply area seen at 17907-17884, we could potentially have a buying opportunity at 17830, just above 15-minute demand area seen at 17802-17828 (as per the red arrows) targeting 17948. Just below the aforementioned 1hr supply area.
• Buy orders: 17830 (Predicative stop-loss orders seen at: 17800).
• Sell orders: Flat (Predicative stop-loss orders seen at: N/A).