E-mini Dow YM1! 2021 Aug 09 Week

E-mini Dow YM1! 2021 Aug 09 Week

Monthly - Ultra Low Volume, Ultra Tiny Up Bar = may usher in Change in Behavior (takes time)
Weekly = High Volume with Narrow Spread = Weakness, net progress from previous week's high = narrow = Weakness
(Note, no change in behavior yet)
Daily = High Volume Up bar Close off High (Weakness, keep stops tight)
H4 = 2 H4 bar closing level (market may pause / rotate)

Strategy for Long:
Long if 35137 holds / 34949 is tested and holds

Strategy for Short:
If price rejected at recent high 35137, or returns to 35072 and rejected = short opportunity

Remember to Like and Follow if you find this useful.
Have a profitable trading week.