YM1! US30USD DOW 2023 APR 03 WEEK
YM1! US30USD DOW 2023 APR 03 WEEK
Price was marked up on low volume =
possibility of trapping longs. Keep your stops tight
if you are holding long positions.
Possible scenarios:
1) Sell if False break of 33590, test and reject of
recent high
2) Long on test and accept of 32595 // 33590
Volume Analysis:
Weekly: Low vol up bar close off high =
possible selling, trapping longs
Daily: Wide spread low vol up bar close off high
= possible selling, trapping longs
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35228 34605 33590
32595 31657
Remember to like and follow if you find this useful.
Have a profitable week ahead.
Related publications
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.