US30USD YM1! DOW 2022 JAN 24 Week
Scenario 2 provided a very fruitful short opportunity last week.
Price has reached demand line of channel into oversold, and
looks like the formation of a distributive structure.
Price reaction at 33927 and 34328 will determine the
strategy to adopt -- refer to possible scenarios .
Short on Test and Reject | Long on Test and Accept
36446 35518
34782 34328
33927 33383
32737 32036
Daily: High volume down bar closing at low = weakness
H4: Average volume down bar closing at low = weakness
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Have a profitable week ahead.
