Third Leg was weak

I stayed cautious on that third leg down, which broke below the low of the doldrums range. Last two days has seen a nice reverse from this attempt. So, given third leg down and rejection of break below low of doldrums range, together with a YM HVP level at 13978 - I went long the YM and ER2. I will scale out as we move up to the HVP level of 13978.

Update - I exited my longs on the test of the 200 ema (2 min chart). This is a bit below the HVP of 13978, but my process of trading today was not well disciplined, so I came to my senses and exited with what I had. With that said, I fully expect a test of YM 13978 by the end of the day. My ride up netted me the following:

YM: +96 ticks (equal to +$480 per one contract position)
ER2: +3 ticks (equal to +$30 per one contract position)

Looking at the move up, I am convinced that I need to develop rules for these trades.