US30USD YM1! DOW 2022 OCT 03
Dow Scenario2 breakdown yielded 700pts for last week.
congrats to those who shorted.
Possible scenarios:
1) Short on rejection of trendline // 29639 // 28886
2) Prepare to long if round bottom is observed and market
retraces during an upward move and finds support.
3) Market rotates, then find trades at edge of rotation zone.
(Yellow box)
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32789 31793 31385
31042 30636 30202
29639 29315
Weekly: Higher vol & narrower spread down bar, close off low
= minor demand
(ave vol on bar itself) = demand coming in
Daily: Ave vol down bar close off low = No Supply
H4: Vol showed buying on the downtrend. Coupled with possible
SPRING setup
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Have a profitable week ahead.
