YM - Weekly Rangebound Galore ?

Massive spike out attempt on both buyside and sellside on the weekly timeframe. But in comparison to ES1! and NQ1! , YM1! has been stagnant for the past two weeks.

Last week, I was expecting lower prices but the $38,100 manipulation that occurred was something that I thought would hold and we would see a candle body closure.

$38,000 is a region in price where I forecast YM1! to trade to this week.
My philosophy is simple...

Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.

This includes;

- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!

The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.

Credits;

- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN

Commentaire:

YM1! has officially made a new all-time high @ $39,343 with the majority of the move starting and continuing from Wednesday 21st Feb 24, US PM session around 15:00 into Friday 23rd close.

If ES1! can maintain it's bullish stance with DXY continuing it's downtrend, there is a strong chance YM1! will continue.

As they say... the trend is your friend.
Until it's not