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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.