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Markets Test Both Ends

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09-29-2006, 12:09 AM

Soultrader Soultrader is offline

Soultrader is focusing on discipline.

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Markets Test Both Ends

This is a common pattern in the YM. The markets will usually test above or below the value area to see if there are sellers/buyers in that zone. If not, price will get pushed back into value to test the other extreme.

Whenever the previous days high and low is right above/below the value points, watch these levels closely. The markets have a tendency to test these areas before a reversal.

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