US30USD YM1! DOW 2022 JAN 03
Market on a gradual uptrend, new channel (brown) formed.
If test and reject 36572-36416, will be opportunity for short term short.
Breaking through 16121 and rejection will see price testing the
lower levels.
If price reaches bottom of channel and find acceptance, will be
long opportunity.
Short on Test and Reject | Long on Test and Accept
37760 36960
36572 36416
36121 35882
35549 35164
34894 34547
33927 33383
Weekly: Price tested previous high on a low volume up bar closing
in middle = no demand for higher prices = Weakness. Note bar closed
at demand line of previous uptrend channel.
Daily: Upthrust bar followed by down bar closing off low = some
demand present.
H4: Weakness and 1st lower high observed. if break and rejects 36121,
lower prices expected.
Remember to like and follow if you find this useful.
Have a profitable week ahead.
Market on a gradual uptrend, new channel (brown) formed.
If test and reject 36572-36416, will be opportunity for short term short.
Breaking through 16121 and rejection will see price testing the
lower levels.
If price reaches bottom of channel and find acceptance, will be
long opportunity.
Short on Test and Reject | Long on Test and Accept
37760 36960
36572 36416
36121 35882
35549 35164
34894 34547
33927 33383
Weekly: Price tested previous high on a low volume up bar closing
in middle = no demand for higher prices = Weakness. Note bar closed
at demand line of previous uptrend channel.
Daily: Upthrust bar followed by down bar closing off low = some
demand present.
H4: Weakness and 1st lower high observed. if break and rejects 36121,
lower prices expected.
Remember to like and follow if you find this useful.
Have a profitable week ahead.
