Hi Everybody,
The YM yesterday was a great example of how the 15min trend turned from up to down as the 15min chart hit DP resistance. This can be clearly seen on the chart to the right.
This had a direct impact on the 3min chart as we had two buy setups, but the first was “with” the 15min up trend into the 15min DP in the morning, the second was “against a new down trend as the 15 YM declined off DP resistance.
Let’s take a closer look in the next post....
Thanks, Steve
The YM yesterday was a great example of how the 15min trend turned from up to down as the 15min chart hit DP resistance. This can be clearly seen on the chart to the right.
This had a direct impact on the 3min chart as we had two buy setups, but the first was “with” the 15min up trend into the 15min DP in the morning, the second was “against a new down trend as the 15 YM declined off DP resistance.
Let’s take a closer look in the next post....
Thanks, Steve
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