US30USD YM1! DOW 2022 JULY 04 Week
Scenario1 short last week was good.
Market did not reach bottom of channel, temporary return of strength
Possible scenarios:
1) Channel 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: Ave volume down bar close in middle = indecisive
Daily: Ave vol up bar close at high = minor strength
H4: Ave vol up bar close off high = weakness
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Have a profitable week ahead.
