YM1!
US30USD YM1! Dow 2021 Sep 27 Week
Eventful week last week as we saw the highest sell volume appeared ever since the up trend.
If you are long, tighten your stops.
High demand volume reaction up was impressive.
Could be covering of loss positions, profit taking and initiating of fresh positions.
Weekly: Ultra wide spread high volume bar closing near high.
Daily: Narrowing of spread on the up bar and last bar closed level with the previous bar = weakness
H4: Shortening of thrust on the up move, and market temporary resisted at 34749.
Strategy for Short (Test and Reject)
Strategy for Long (Test and Accept)
Entry based on price reaction to the levels on YM1!:
34495
34754
34997
32220 - 32250
35500 - 35550
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Have a profitable trading week ahead.
