YM - Springboard From Sellside
Updated
In comparison with ES and NQ, YM has been more disciplined in terms of following market order flow as there are few liquidity gaps present and the ones that are present (such as the one I outlined last week @ 38238 - 38150 was respected going into last weeks trading.
I must note that Thursdays sell off through the newfound liquidity void has meant that smart money capitalising off retail, believing the market is most likely going to keep trickling downwards from Thursday onwards are in a world of fire Fridays price action was an inside day. This means big movements is expected to come soon.
With Thursday - Friday liquidity void still yet to be traded up into, that will be my first point of call, alongside the bearish daily order block mixed in with the EQ @ $38,862 being the second target in mind.
Since last weeks sellstops has been attacked, will buyside be next?
I must note that Thursdays sell off through the newfound liquidity void has meant that smart money capitalising off retail, believing the market is most likely going to keep trickling downwards from Thursday onwards are in a world of fire Fridays price action was an inside day. This means big movements is expected to come soon.
With Thursday - Friday liquidity void still yet to be traded up into, that will be my first point of call, alongside the bearish daily order block mixed in with the EQ @ $38,862 being the second target in mind.
Since last weeks sellstops has been attacked, will buyside be next?
Trade closed: target reached
The target as premium prices which YM achieved on the last day of trading last week. $38,862 booked!
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