US30USD YM1! DOW 2022 OCT 17
US30USD YM1! DOW 2022 OCT 17
Support at 28886 long was fruitful.
Market is in rotation of 1800pts. Next target should be toward bottom
of rotation range 28635.
Possible scenarios:
1) Rotation play = trades to be taken at boundary of range.
2) Signs of breakout = look for higher lows / market loitering near
-> breakout of zone, --> test and accept of breakout = long
3) Signs of breakdown = look for lower highs / market loitering
near bottom of range --> breakdown of range --> Short on test and
reject of breakdown
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32789 31793 31385
30513 28732 29639
29315 27741 26876
26212
Weekly: High vol up bar close off high toward middle = undecisive
Daily: Ave vol down bar close off at low = minor supply
H4: Very high vol down bar close at low = demand present
Remember to like and follow if you find this useful.
Have a profitable week ahead.
Support at 28886 long was fruitful.
Market is in rotation of 1800pts. Next target should be toward bottom
of rotation range 28635.
Possible scenarios:
1) Rotation play = trades to be taken at boundary of range.
2) Signs of breakout = look for higher lows / market loitering near
-> breakout of zone, --> test and accept of breakout = long
3) Signs of breakdown = look for lower highs / market loitering
near bottom of range --> breakdown of range --> Short on test and
reject of breakdown
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32789 31793 31385
30513 28732 29639
29315 27741 26876
26212
Weekly: High vol up bar close off high toward middle = undecisive
Daily: Ave vol down bar close off at low = minor supply
H4: Very high vol down bar close at low = demand present
Remember to like and follow if you find this useful.
Have a profitable week ahead.
