US30USD YM1! Dow 2021 Oct 25 Week
Market approaching previous high
Some whipsaw expected. Preference is to long when
price come to test the lower levels.
Weekly: Price advanced on lower volume. Spread has narrowed = weakness
(no change in behavior yet)
H4: UHV Upthrust bar with strength in background.
If next bar closes higher, this then can be confirmed = weakness
Strategy for Short (Test and Reject)
Strategy for Long (Test and Accept)
Entry based on price reaction to the levels on YM1!:
36000
35645 35541
35365 35155
34854 34489
34126 33610
Remember to like and follow if you find this useful.
Have a profitable trading week ahead.
YM1!
