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
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Have a profitable week ahead.
