DOW and E-mini Daily chartsWeekly highs has played out resistance for the first two days of this week.
Any further weakness on Wednesday and expectation is a push back down into the 3-day lows, as shown above, and could go as far as the Weekly 50% level the following day...
DOW and E-mini intra-dayUS markets are trading below the Risk levels early and for further weakness must be confirmed with a break of support.
Downside has a random length, but often a break of support and expectation price will move lower into the following day.
Day traders simply trade on the Side of the above levels:- first target 5-day 50% levels.
And that includes a bounce off 'support' and back above the Risk levels.....
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