Thursday, 14 January 2010

Up trend on 3min YM


If you found it hard to see the uptrend yesterday, just take a look at the 3min YM, which unfolded in a “classic impulsive” pattern, of a 5-wave rally, followed by a simple ABC correction, which was followed by another 5-wave rally. This was a classis impulsive pattern to the upside.

This is why I always keep an eye on other markets, even if the trade is not on them, to help give you added confidence

Thanks, Steve