US30USD YM1! DOW 2022 SEP 12 Week

11 сент. 2022 г.

US30USD YM1! DOW 2022 SEP 12 Week

Last week's Scenario1 long on support of dotted trend line was good.
Caution: long trap observed, do not chase long.

Possible scenarios:
1) Long if 31450 / 31864-32029 is supported
2) Short on rejection of solid trend line / 32546
3) if triangle formation observed there may be short opportunity

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

32546 32029 31864
31450 30975 30406

Weekly: Low vol up bar close off high = minor weakness
Daily: Low vol up bar close off high = weakness
H4: Low vol narrow up bars + narrow close, followed by
ave vol up bar + UT bar = weakness

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Have a profitable week ahead.