YM1! - Weekly Market Update, 4/25/22

Apr 23, 2022

We started last week off with the anticipation of a sell off based on the prior week's price action. However, price rallied before the selloff had occurred. It appears our timing was slightly off, but our analysis's anticipated direction was correct. Price action after Friday's selloff is approaching fresh support, not to say we can't break right through it, but it does exist. Normally when we end a week on the note we did this past week, there's some follow through to be expected. Time will tell as it always does. Ascending and descending structures are all imaged here for your support and resistance references for the week ahead. Wishing you a profitable week!