YM

Dow Jones week 30-31

YM

Trying this week's chart replay with sound. Click through the before and after until the analysis video appears and click play. The 4hr Inv.BS level at $51,892 was acting as support. The BackSide candle and the Inverse BackSide candle can evolve into Origin levels or "vertices" of an Angle - this is where trends originate. Hence the name, origin level. When the Inv.BS level is acting as support it can become an Origin level. We see in the replay this level is tested more than twice, separated by at least 1 candle. The BS and Inv.BS candles carry an expectation to cause a strong reaction to price which usually creates F.V.G's, and a high angle accumulation trend. Usually leads to breaking a distribution trend break. If the trend break leaves behind a trail of support candles, great area for retracement and entry.

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