US30USD YM1! DOW 2022 FEB 28 Week
Last week's short from 34367, and late week long
on support was highly profitable.
With price pushing up on very high volume, there's a
possibility of price returning to test these high volume area,
scenarios will be:
1) Long if test area 1 is supported
2) Long if test area 2 is supported
3) Not forgetting the trend channel showing overbought,
there may be an opportunity to short if price shows rejection
at 34367 / 34034
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 34034
33230 32672 32167
Weekly: High volume wide spread up bar closing off high =
weakness
Daily: Very high volume up bar driving demand to close above
33031 followed by average volume up bar closing near high
= strength
H4: High volume down bar closing off high = demand present.
Remember to like and follow if you find this useful.
Have a profitable week ahead.
