Mini-Dow Scalping

 

I wanted to mention something I read, that a skilled YM trader keeps in mind.

 

“When a bottom is forming during the day, it may take an hour or more for the market to properly test support.”

 

The red line represents about an hour on this 5 minute chart, and towards the end of it we can see a test of the consolidation area. A very nice move followed.

 

dow-mar16-m5-noble-services-ltd

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