YM1! US30USD DOW 2023 JAN 15
Dow was ranging mostly for the past 2 weeks. A
As market approaches previous rejection area, keep
stops tight. No demand on all 3 TF, temporary weakness
may be expected. Possibility of short on rejection
if market crawls upward and is rejected at higher
levels.
Possible scenarios:
1) Short on rejection of 35228 / 34605
2) Long if test and accept at previous rotation 33663
Volume Analysis:
Weekly: Low vol up bar close at high = No Demand
Daily: Low vol level bar close toward high = No Demand
H4: Low vol narrow spread up bar close off high
= No demand
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35750 35228 34416-34605
33663 32789 30513
28635
Remember to like and follow if you find this useful.
Have a profitable week ahead.
Dow was ranging mostly for the past 2 weeks. A
As market approaches previous rejection area, keep
stops tight. No demand on all 3 TF, temporary weakness
may be expected. Possibility of short on rejection
if market crawls upward and is rejected at higher
levels.
Possible scenarios:
1) Short on rejection of 35228 / 34605
2) Long if test and accept at previous rotation 33663
Volume Analysis:
Weekly: Low vol up bar close at high = No Demand
Daily: Low vol level bar close toward high = No Demand
H4: Low vol narrow spread up bar close off high
= No demand
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35750 35228 34416-34605
33663 32789 30513
28635
Remember to like and follow if you find this useful.
Have a profitable week ahead.
