E-mini Dow ($5) Futures (Sep 2024)
Short
Updated

YM - You Know I Like My Low Hanging Fruits.

Got my sights dialled into $40,442 as YM, in comparison with ES and NQ is late to the game.

What game you might ask?

The game of savaging sellers!
Trade active
Not much movement compared to NQ and ES.

$40,466 draw on liquidity T1
Looking out for $40,418 EQ T2
$40,388 - $40,303 volume imbalance T3
Trade closed: target reached
$40,466 draw on liquidity Target 1 has been met!
Trade closed: target reached
$40,418 EQ Target 2 met!
Trade closed: target reached
$40,388 - $40,303 volume imbalance Target 3 (which is the final target for the week) has been booked!
Trade closed: target reached
YM slumped into a discount, closing inside a minor volume imbalance created from the 11-12th Jul 24.

Still have unfinished business with the old mitigation block and opening gap located @ 39,936 - 39,819
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Note
Daily Gap open with a run into and through daily buy stops in a premium area in price.
Sitting on my hands with YM

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Note
As mentioned before, i will be sitting on my hands with YM.

I will be studying price action and how it reacts to equilibrium @ 40,478.

Multiple confluences at this area

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