US30USD YM1! Dow 2021 Oct 11 Week
YM1!
US30USD YM1! Dow 2021 Oct 11 Week
Market had been ranging for 3 weeks, still awaiting resolution of
supply and demand.
Weekly: High volume up bar closing off high = some supply present.
Daily: Friday saw low volume up bar closing off high = Weakness
H3: Some demand has returned to support the market from 06 Oct.
YM1!
Friday's effort from sellers didn't yield much result = Some 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
33715 34126
34364 34854-34934
34554 34674
35250 35500 - 35550
Remember to like and follow if you find this useful.
Have a profitable trading week ahead.
