$E-mini Dow Jones - main 2306(YMmain)$

YM1! US30USD DOW 2023 APR 24 WEEK

Discretionary trade at the 34275 rejection yielded 350pts.
With price failing to reach previous supply level 34605,
could market be indicating that demand at higher levels
have been exhausted?
If so, we may be looking at further distribution (i.e. selling)

Possible scenarios:
1) With weakness observed, wait to short at rejection at 34605 // 34275
2) Possibility of rotation between 33670 - 34275 = trade at boundary
of range

Volume Analysis:
Daily: Possibility of buying climax.

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

35228               34605            34275
33670               32681            31657


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Have a profitable week ahead.

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  • ClarenceNehemiah
    ·2023-04-23

    Maybe another change to buy later.

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    • IngW NasdaqTrader
      there’s always a possibility, since different timeframes offer differrnt opportunities
      2023-04-23
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  • CaesarHicks
    ·2023-04-23

    More pressure to make it down again.

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