YM1! US30USD DOW 2023 FEB 20

19 בפבר׳ 2023

YM1! US30USD DOW 2023 FEB 20

Finally we see some movement from Dow.
34605-34432 rotational play based on 06 Feb's analysis garnered.

Possible scenarios:
1) Rotational play: Trades can be executed at boundary of rotation
range 34605 / 32789.
Note: 34605-34432: If market trades toward the upper boundary =
possibility of breakout
2) Rotational breakout/breakdown:
- If price breakout, long when price retraces and finds support

Volume Analysis:
Weekly: Ave vol down bar close below middle = minor supply
Daily: Ave vol up bar, demand overcoming supply = demand
H4: Ave vol up bar close toward high = minor demand

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

35750 35228 34432-34605
33624 33037- 32789

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Have a profitable week ahead.