Dow was ranging mostly for the past 2 weeks. A As market approaches previous rejection area, keep stops tight. No demand on all 3 TF, temporary weakness may be expected. Possibility of short on rejection if market crawls upward and is rejected at higher levels.
Possible scenarios: 1) Short on rejection of 35228 / 34605 2) Long if test and accept at previous rotation 33663
Volume Analysis: Weekly: Low vol up bar close at high = No Demand Daily: Low vol level bar close toward high = No Demand H4: Low vol narrow spread up bar close off high = No demand
Price reaction levels Short on Test and Reject | Long on Test and Accept
35750 35228 34416-34605 33663 32789 30513 28635
Remember to like and follow if you find this useful. Have a profitable week ahead.