Hi Everybody,
I received a few questions on the sells on the 3min YM yesterday and how they “fitted in” to the larger degree trend.
As usual, you should start your day by looking at the larger degree trend, and on the US e-minis this is the 15min Chart. As you can see, the STF is blue, indicating a strong UP trend, and (also) the 15min YM was NOT at DP resistance. So as far as the 15min Chart was concerned yesterday the larger degree trend was defiantly UP
OK, now let’s look at th3 3min chart in the next post
Steve
I received a few questions on the sells on the 3min YM yesterday and how they “fitted in” to the larger degree trend.
As usual, you should start your day by looking at the larger degree trend, and on the US e-minis this is the 15min Chart. As you can see, the STF is blue, indicating a strong UP trend, and (also) the 15min YM was NOT at DP resistance. So as far as the 15min Chart was concerned yesterday the larger degree trend was defiantly UP
OK, now let’s look at th3 3min chart in the next post
Steve
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