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
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Have a profitable week ahead.
