Trend is down. So a short is indicated. Indicators are again in trending down situation... we'll see!
The MYM , existing less than a year, has no support nor resistance below its actual low.
So the MYM downside target has been placed at an approximative equivalent of a Resistance noted downside in the YM! that is existing since many years.
The MYM , existing less than a year, has no support nor resistance below its actual low.
So the MYM downside target has been placed at an approximative equivalent of a Resistance noted downside in the YM! that is existing since many years.
Note
A Stop loss has been placed at 20721 just above the High of the Heikin-Ashi candle of March 19th.Note : This Future contract MYMH2020 (March expiration) has been rollover to MYMM2020 (June expiration).
Wyn-Trader
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Wyn-Trader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.