YM Wednesday - Buyers are coming in

31 Eki 2018

Price tried to trade lower to create a new structure low and to retest the support levels at ~24209 and futher down at ~23980. While waiting for yesterday's sell, I was expecting a rotation and a short-entry between the 50% and 61.8% Fib Correction. After the sellers came in around there to correct weak, buyers dominated and traded price higher creating immediate new structure highs. Looking at the harmonics, price extended a 1 to 1 target in the immediate order flow and traded above areas of good selling structure. The sellers did not show up and look weak compared to the buyers momentum right now. Let's see if price breaks through the last high and resistance levels at ~25000. Still flat for now.