US30USD YM1! DOW 2022 MAY 02 Week
If no exception, market will likely continue toward 32427-32167 Scenario1 extension
from last week's analysis.
Wait for price reaction.
Play scenarios mapped out:
1) Test of 34220 breakdown, and continue toward 32167-32427 region
2) 32167-32427: If level is broken and later market returns to this area,
and is supported, next may be an attempt for an upward move
3) Market not ready for downward move toward 32427, return to clear
demand between 34220 - 33081 region
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34945 34367 34220
33066 32492 32167
Weekly: Average volume down bar close at low = weakness
with some demand
Daily: Ave volume down bar closing at low = weakness
H4: High vol down bar closing off low = minor strength
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Have a profitable week ahead.
