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US30USD YM1! DOW 2022 JUNE 27 Week

E-mini Dow Jones ($5) Futures (CBOT_MINI:YM1!)  
paradox677  
CBOT_MINI:YM1!   E-mini Dow Jones ($5) Futures
Support and Resistance Supply and Demand Volume YM1! US30 US WALL ST 30 dowjones dow30 us30analysis
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supportandresistance supplyanddemand volumestudies ym1! us30 us30usd dowjones dow30 us30analysis
snapshot

US30USD YM1! DOW 2022 JUNE 27 Week

Scenario2 channel & 29639 support provided long opportunity last week.
Daily TF cautioned of possible trap for long. If Weekly TF reveral pattern is to exert
influence, would prefer then a long on retracement when price finds support at
lower levels.

Possible scenarios:
1) Channel resistance + test of previous breakdown area - will short if resisted
2) test of 30683 / 30100 and if supported = long.

Price reaction levels
Short on Test and Reject | Long on Test and Accept

32563 31299 30999
30157 29639 26212

Weekly: Ave vol up bar close at high = minor strength (and reversal pattern)
Daily: Low vol up bar close at high = Caution, may be trap for long
H4: Ave vol up bar close off high = weakness

Remember to like and follow if you find this useful.

Have a profitable week ahead.

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