ES1! SPX500USD 2022 AUG 15 Week

١٣ أغسطس ٢٠٢٢

ES1! SPX500USD 2022 AUG 15 Week

Previous supply zone has been tested and accepted.
Preference remains long on retracement.

Possible Scenarios are considered:
1) Continuation of uptrend for long on retracement
2) Temporary short opportunity on rejection of channel supply line.

Weekly: Ave vol up bar = minor strength
Daily: Ave vol up bar = minor strength
H4: High vol narrow spread = weakness

Price reaction levels:
Short = Test and Reject | Long = Test and Accept

4368 4303 4204
4071 3950

Remember to like and follow if you find this useful.
Have a profitable trading week.