YM week 38

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YM week 38E-mini Dow Jones Industrial Average Index FuturesCBOT_MINI_DL:YM1!StudyGuideTAMonthly timeframe Pink Weekly = Grey Daily = Red 4hr = Orange 1hr = Yellow 15min = Blue 5min = Green 4 candles, 6 Levels, & MarketMeta Range = 2 or consecutive candles of the same color. Distribution Range - When price is above a distribution range it will act as support. When price is below, the SwingLow will be the boundary/entrance/exit of the range. Distribution ranges consist of the 1st candle called the BackSide and last candle called the Frontside. Each has expectations. BackSide candle (BS): expectation=strong reaction to price, support price. Hold price above it. Mark this level with a horizontal ray tool on the topside wick or topside body. FrontSide candle (FS) expectation = support price until trend reversal. Protects the SwingLow, exit of range. To mark this level, place the horizontal ray tool on the topside wick or topside body. SwingLow = the bottom side wick of the FrontSide Candle. Boundary of the range. The Accumulation Range - When price is BELOW an accumulation range then these levels will act as resistance to price. Inverse Backside (Inv.BS)= the first candle in the accumulation range. Its marked on the bottom side wick or body of the candle. Its usually next to a Frontside candle. Traders like to see Inverse BackSide candles engulf Frontside candles and create an impulsive Fair Value Gap. These f.V.G's next to FrontSide levels have higher probability than those that don't have the engulfing, F.V.G.. the last candle in the accumulation range is the Inverse FrontSide (Inv.FS) marking the topside wick with the horizontal ray tool is to mark the SwingHigh Level. Mark the bottom side wick or body to display the Inv.FS level.