US30USD YM1! DOW 2022 APR 04 Week

3 Nis 2022

US30USD YM1! DOW 2022 APR 04 Week

Market encountered weakness and attempt for higher prices
were rejected. The week ended with minor support on
Friday's low.

Play scenarios:
1) Rotational play between 34220 - 35330
2) Test of 34220 and supported = long opportunity
3) If 34220 is broken and resisted = short opportunity
4) Test of breakout area 33433 and supported = long opportunity.

Price reaction levels
Short on Test and Reject | Long on Test and Accept

36446 35750 35330
34945 34367 34220
33427 32492 32167

Weekly: Low vol upthrust bar closing below middle =
potential weakness. (if next bar closes lower, weakness is
confirmed)
Daily: Average vol up bar closing above middle = strength.
H4: UHV down bar followed by high volume up bar closing
off high. Some support but supply still present.= minor strength

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Have a profitable week ahead.