US30USD YM1! DOW 2022 JULY 18 Week
Last week, rotation strategy worked well again. Point to note for Dow, unlike
NASDAQ and SNP, we didn't see bullish volume returning.
So we will still adopt the rotation strategy.
Also with minor strength on Weekly tf, we can also look for long oppportunity
on retracement.
Possible scenarios:
2) Market rotation = trade at boundary of range
3) Behavior change scenario
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 vol down bar close toward high = minor strength
Daily: Ave vol u bar close at high = minor strength
H4: Very high vol narrow spread up bar close off high
followed by ave vol tiny spread up bar = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
