Another terrific trading session for emini index traders as global markets continue to trade in extremely wide ranges, and in this session, we focus on the YM Emini using Wyckoff’s three laws and volume price analysis. Over the last few days we have seen some clear signals of weakness to come for equity markets, with the rally now increasingly appearing a short squeeze. This was signaled on the daily chart with a wide spread up candle but with low volume and so confirming the current weakness. In this session we see some terrific moves using the time-based charts in conjunction with the renko optimizer indicator for NinjaTrader. Using time and non-time based charts is the perfect blend, of volume price analysis coupled with a momentum-based chart. This also applies to tick charts which are another form of non-time based charts. So some terrific trends here and made straightforward using volume price analysis and supported by the Quantum Trading tools and indicators.
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