US30USD YM1! DOW 2022 SEP 19 Week

18 Eyl 2022

US30USD YM1! DOW 2022 SEP 19 Week

After trapping longs, market declined aggressively. Temporary
demand on average volume has returned, which could be a way of
absorbing any long positions still present in the market.


Possible scenarios:
1) Long if 30406 / 30636 is supported
2) Short on rejection of 31385 / 31042 / trend channel rejection

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

32789 31793 31385
31042 30636 30406

Weekly: Higher vol & wider spread than previous bar, close off low
(ave vol on bar itself) = demand coming in
Daily: Ave vol down bar close toward high = Demand overcoming supply
H3: Ultra high vol bar + ave vol up bars = Demand has returned

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Have a profitable week ahead.