CBOT_MINI:YM1!   Contrats à terme E-MINI DOW JONES ($5)

US30USD YM1! DOW 2022 JULY 11 Week

Last week, rotation support long was good. 3 TF analysis is displaying weakness.
We should be expecting lower prices temporarily.
I'm keeping the existing scenario plan from last week.

Possible scenarios:
1) Channel resistance / rotational resistance = short
2) Market rotation = trade at boundary of range
3) Behavior change senario
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: Low volume up bar close off high = minor weakness
Daily: Ave vol up bar close toward low = weakness
H4: Very high vol up bar close off high toward middle + level close in background
= weakness

Remember to like and follow if you find this useful.

Have a profitable week ahead.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.