YM1!
US30USD YM1! Dow 2021 Nov 15 Week
Demand at 35777-35880 returned to support the market on Friday.
However a downtrend channel has formed. acceptance at 36135 will mean
resumption of uptrend.
Weekly: Average volume very wide spread down bar closing off low
= some demand present.
Daily = Average volume up bar closing off high = Weakness.
However behavior appears like a bullish reversal.
H4: Ultra High volume wide spread up bar
closing off high, followed by an up bar closing off high. Weakness expected.
Strategy for Long (Test and Accept)
Entry based on price reaction to the levels on YM1!:
37200 36952
36762 36446
36375 36255
35880 36135
36076 25880
35777 35520
35500 35250
35151
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Have a profitable trading week ahead.
