YM1! US30USD DOW 2023 15 May Week
YM1! Last week's test and reject 33670 short yielded 270pts.
Market approaching intermediate axis 32994.
Possible scenario:
1) 32994 is supported and market returns into 33850-32994 range
2) 32994 becomes resisted and market head toward 31657/30513
Price Reaction Levels:
Short on Test and Reject | Long on Test and Accept
33632
34275-34605 33850
32994-33195
31657
Price Volume Analysis:
Daily & Weekly: Possible No Supply down bar close off low = strength
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Have a profitable trading week.
*For education purpose only.
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