DY trade ideas
DY up and out of a 3 weeks tight patternDY appeared on this weekends Ready List after forming a 3 weeks tight pattern that occurred shortly after breaking out from a short stroke pattern highlighted at the end of May.
Here is an excerpt of the notes on DY from this weekend’s Ready List:
PATTERN: 3 weeks tight
PIVOTs(s): 60.82
SUPPORT: 58.45, 10ema, 21ema
NOTES: DY recently formed and broke out of a short stroke pattern. Since then it has continued to trade sideways finding support along its 10ema.
