YM1!
US30USD YM1! Dow 2021 Nov 01 Week
Previous high test and reject and Test and accept of 35365 were good.
Weakness expected, but no change in trend yet.
Strategy will be to Long on test of lower level
and short on rejection of higher prices
Weekly: Narrowing of spread even on higher volume = weakness
(no change in behavior yet)
Daily = Average volume up bar closing off high = Weakness
H4: Shortening of thrust.
Significant bearish volume observed since the ascend = Weakness
Strategy for Short (Test and Reject)
Strategy for Long (Test and Accept)
Entry based on price reaction to the levels on YM1!:
36000
35645 35541
35365 35155
34854 34489
34126 33610
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Have a profitable trading week ahead.
