ES1! SPX500USD 2022 APR 25 Week
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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