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US WALL ST 30

US30USD YM1! DOW 2022 MAY 02 Week US30USD YM1! DOW 2022 MAY 02 Week If no exception, market will likely continue toward 32427-32167 Scenario1 extension from last week's analysis. Wait for price reaction. Play scenarios mapped out: 1) Test of 34220 breakdown, and continue toward 32167-32427 region 2) 32167-32427: If level is broken and later market returns to this area, and is supported, next may be an attempt for an upward move 3) Market not ready for downward move toward 32427, return to clear demand between 34220 - 33081 region Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34945 34367 34220 33066 32492 32167 Weekly: Average volume down bar close at low = weakness with some demand Daily: Ave volume down bar closing at low = weakness H4: High vol down bar closing off low = minor strength Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
US30 Following 2008 Crash PatternI was watching the patterns in 2008 crash, and how it might translate into today's situation. Although there are quite some differences between the 2 events. We are having a "war" at this point, and hoping it doesn't escalate. Pray for peace in Ukraine. That aside. I have the image of the 2008 Weekly candle chart pasted for easy reference against the present market candles. If you look up my previous ideas, I have mentioned the same. In 2008, it was a head and shoulders, a break of the neckline, a re-test of the neckline and a further dive down. In the current market, it is not as obvious, but we are making a lower low, on the weekly today (although there is about 6 hours left 'till market closes for the week). As with a couple of weeks prior, a strong rejection bearish candle (1) led to a fall in 4 consecutive weeks. 2 weeks ago, we had a strong rally but held barely under the close of the strong rejection bearish candle (1) shown in orange highlights. With a couple more hours before market closes, I do expect that current momentum holds the candle bearish. Next week, we'll see how the market reacts. Should another bear candle follow, I would anticipate for price to reach lower into a key demand area around 33200.
OANDA:US30USDShort
by geneAnalytics
US30 - POST NY SESSION ANALYSIS - 04292022What an end to the month :/ After my last post, price floated sideways for a couple hours then right after market open at 9:30AM EST price shot up and stopped me out @ 33875 then shot back down to my TP of 33400 and continued pushing down all the way to my previous TPs earlier in the week of 33200 and 32950 I have to say I'm a bit salty about this but I'm just going to add some pepper and keep it cooking. In retrospect the 2 things I could have done differently here are: 1. Entered the trade during London session - this would have been the absolute optimal time to enter with a ridiculous risk to reward of 1:5 minimum but the only problem with that is I was asleep and usually am at 2AM. So this is probably not feasible to try and adjust much. 2. Once I was stopped out I could have looked for exhaustion and a sign of the bears coming back into the market on the M1 timeframe. I went down to the M5 and M15 after being stopped out but didn't see any big wicks or clear reversal patterns that indicated to me price was going to start dropping. This combined with a strong bullish close on the H1 off a possible 38.2 fib level on a bullish countertrend and I thought I should just let this one go, and I did :/ 3. Once price dropped a bit I could have gotten back in albeit at a lower level but at an indication of exhaustion on the M15 which did occur. I was already checked out of the market by this point tbh and not in front of my trade station just tracking on mobile so I called it in for the week. I learned some valuable lessons this week including the importance of documenting my trades in detail. I feel that this platform gives me a good place to do this while also sharing my findings and journey with others who are also trying to find their way to consistent profits in this trading game. With that, I hope to continue doing these pre and post NY market analysis videos for my own journaling and growth as a trader but I also hope that maybe you get some value along the way :) Have a great weekend, take a break from the charts and refresh. See you pre NY session on Monday!
OANDA:US30USDShort
by ryanweier
US30 - PRE NY SESSION ANALYSIS - 04292022Price pushed back up to approximately 34000 during Asian session and kinda floated sideways during early London session. There was some nice exhaustion that formed around 2-3 AM which would have potentially made a good entry point but I wasn't awake for that :/ Price now appears to be pushing down retesting recent support of approximately 33800 As of now I'm staying out, I would like to see price push back up to this 34000 - 34200 level and show some signs of exhaustion/reversal before getting in to continue the larger overall bearish trend which I believe is still intact. We'll see what happens today as this is the final trading day for the month. See you after NY session! Good luck!
OANDA:US30USDShort
by ryanweier
US30 - POST NY SESSION ANALYSIS - 04282022Interesting movements today. Price dropped from my entry of 33650 to about 32250 Did not reach my target of 33200 for a 1:4 risk to reward but I was trailing my stop along the way so I secured profits at 33400 when price started to retrace. Had it not been for trailing my stop I would have gotten stopped out as after price entered that zone in the 33200s it pushed all the way back up to 33900+ The name of the game on this one was proper trade management without a doubt. Closing out the week and the month tomorrow I still believe the overall bearish bias is still intact. I am looking for price to push back up to about 34200 which is a previous level of structure and see if it begins to exhibit any signs of exhaustion or countertrend reversal. If so I will be looking to get in around this 34200 weekly support and resistance level and continue riding the bearish momentum down to my previous target of 33200. If price breaks above this level it may indicate the beginning of a reversal in the overall bias and possibly consider a short term buy position but that will all depend on the price action over the next few hours in Asian and early London sessions. See you all pre NY session tomorrow. Have a good night!
OANDA:US30USDShort
by ryanweier
US30 - PRE NY SESSION ANALYSIS - 04282022As anticipated, price pushed back up during Asian and early London session to approximately the 33650 level which appears to be a strong resistance area and the previous structure from the past couple of days. Price now appears to be reversing and continuing in the overall direction of the bias on larger timeframes which is still definitely bearish in my opinion. I've entered at approximately 33655 and my TP1 is 33200 targeting the previous structure low from the last couple of days this week. If it breaks past this TP1 area I will be trailing my stops and targeting 32925 as my TP2 and my TP3 on a larger more swing like trade will be 325925. No real major US news today or tomorrow so hopefully should be smooth sailing following the volume and overall bearish market bias. See you after NY Session today! Happy Trading!
OANDA:US30USDShort
by ryanweier
US30 - POST NY SESSION ANALYSIS - 04272022Not too shabby :) Price moved exactly as I predicted, dropping down to 33200 before getting pushed back up. Then it bounced up and down between approximately 33600 and 33200 for the rest of the session. On the daily we closed weak so I expect price to push back up from it's current level around 33400 retesting the previous highs of the last couple days before the larger overall bearish trend comes back into play. We will see how the next few hour play out over Asian and early London session. See you guys pre NY tomorrow! Have a good night
OANDA:US30USDShort
by ryanweier
US30USD YM1! DOW 2022 APR 25 Week US30USD YM1! DOW 2022 APR 25 Week Scenario1 Rotational play between 34220-35330 yielded good result. On Friday we saw Scenario 2 with breakdown of 34220 short. Market should be attempting 33433 next, and then the 32427-32167 region. Should market reach 32427-32167, wait for price reaction. Play scenarios mapped out: 1) Test of 34220 breakdown, and continue toward 32167-32427 region 3) 32167-32427: If level is broken and later market returns to this area, and is supported, next may be an attempt for an upward move 3) 33433 is supported and market attempt higher levels. Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34945 34367 34220 33427 32492 32167 Weekly: Average volume wider spread down bar close off low = weakness with some demand Daily: High volume down bar closing off low = weakness with some demand H4: UHV bearish absorption + high vol down bar closing at low = weakness Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
US30USD YM1! DOW 2022 APR 18 Week US30USD YM1! DOW 2022 APR 18 Week Friday's bar showed rejection of 34945 - 34800 region. A Our response to market's attempt at retracement should then be to short. Per 11 Apr's analysis, Market will likely head lower should intermediate support 34220 becomes resistance, adopt a short on retracement preference. Play scenarios: 1) Rotational play between 34220 - 35330 2) Breakdown of 34220 and this becomes resistance, market may test 33433 and 32200 region. 3) Test of breakout area 33433 and supported = long opportunity. Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34945 34367 34220 33427 32492 32167 Weekly: Low vol down bar closing off low = minor strength Daily: Average vol down bar closing at low = weakness H4: Average vol down bar closing off low = minor strength. Read of the last 3 bars showed S>D. Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677