YM - Weekly Rangebound Galore ?
Updated
Massive spike out attempt on both buyside and sellside on the weekly timeframe. But in comparison to 
ES1! and 
NQ1!, 
YM1! has been stagnant for the past two weeks.
Last week, I was expecting lower prices but the $38,100 manipulation that occurred was something that I thought would hold and we would see a candle body closure.
$38,000 is a region in price where I forecastYM1! to trade to this week.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
ES1! and NQ1!, YM1! has been stagnant for the past two weeks. Last week, I was expecting lower prices but the $38,100 manipulation that occurred was something that I thought would hold and we would see a candle body closure.
$38,000 is a region in price where I forecast
YM1! to trade to this week.My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Note
YM1! has officially made a new all-time high @ $39,343 with the majority of the move starting and continuing from Wednesday 21st Feb 24, US PM session around 15:00 into Friday 23rd close.If
ES1! can maintain it's bullish stance with 
DXY continuing it's downtrend, there is a strong chance YM1! will continue.As they say... the trend is your friend.
Until it's not
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