ES1! SPX500USD 2022 APR 25 Week
Scenario2 again come into play last week.
Market should be attempting 4135-4212 region
If market reach there, Wait for price reaction
Scenarios mapped out:
1) Test of breakdown 4368 (test may not happen), and
price continue toward 4135-4212 region
2) 4135-4212 broken and price continue downward or
3) 4135-4212 again is supported and market attempts for
next higher level.
Weekly: Ave volume down bar closing off low = weakness
with some demand
Daily: High volume down bar closing off low = weakness
with some demand
H4: Ultra High Volume down bar closing at low = strength
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4631 4584 4525
4433 4368 4213
4135 4037
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Have a profitable trading week.
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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.