YM1!
US30USD YM1! Dow 2021 Oct 04 Week
The high supply volume mentioned last week manifested in a mighty down move.
Fruitful week for shorts.
Weekly: Ultra wide spread high volume bar closing in the middle, neither supply nor demand
gained ground.
Daily: High volume ultra wide spread Up bar closing off high = supply still present = weakness
H3: Great recovery for Dow on 01 Oct. Ease of
upward movement as price tested previous UHV bar A. Should price come back down to
test bar B, we may see opportunity for long on signs of strength.
Strategy for Short (Test and Reject)
Strategy for Long (Test and Accept)
Entry based on price reaction to the levels on YM1!:
32220 - 32250
33383 - 33478
33643 33938
34150 34448
34554 34674
34934
35500 - 35550
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Have a profitable trading week ahead.
