US30USD YM1! DOW 2022 JAN 10

8 Oca 2022

US30USD YM1! DOW 2022 JAN 10

Last week's trapping longs and rejection of 36572-36416 provided
good short opportunity.

Considering Weekly and H4 weakness, preference to short on
retracement.
Possible scenarios play out provided.

Short on Test and Reject | Long on Test and Accept

37760 36960
36806 36418
36120 35882
35549 35164
34894 34547
33927 33383

Weekly: High volume down bar closing near low = weakness
Daily: A lower volume narrow spread bar closing off low = No supply
H4: Bar 1 & 2 effort no result = weakness

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Have a profitable week ahead.