CBOT_MINI:YM1!   E-mini Dow Jones ($5) Futures

US30USD YM1! Dow 2021 Dec 06

H4 bulls/bears fighting for control.
Bears continue if price returns into channel and continues downward
Bulls will be in control if we can see price break high of bar 1 and finds

35941 35231
34986 34795
34559 33927
33383 32036
Weekly: High volume down bar closing in middle of spread, demand
has come in = TBC for bulls/bears resolution
Daily: Down bar closed above 50% of bar spread and slightly lower than
previous bar, good effort from buyers. Let's see if there is any follow
through next week.
H4: Test into Upthrust bar A. Bar 2 UHV down bar has a narrower
spread, this shows there's some buying. Last bar is high volume bar
closing off high = weakness. It shows bulls/bears may be wrestling
for control.

Remember to like and follow if you find this useful.

Short on Test and Reject | Long on Test and Accept

Have a profitable week ahead.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.