US30USD YM1! Dow 2021 Aug 30 Week
YM1!US30USD YM1! Dow 2021 Aug 30 Week
Market approaching previous high. Weekly/Daily still uptrend,
H4 still rotation.
Preference is to short when price breaks resistance and closes below it.
If it is breakout, then wait for price to return to breakout level and long.
Weekly: High volume up bar = Strength
Daily: High Volume Up Bar approaching recent resistance
H4: UHV Ultra Wide Spread Up bar followed by upthrust = Weakness
H1: No demand closing off high = weakness
Entry based on price reaction at Red/Green zones.
Strategy for Short (Test and Reject)
Strategy for Long (Test and Accept)
Price levels on YM1!:
35535 - 35420
35403
35151
35114
34924
34606
34535
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Have a profitable trading week ahead.
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