Short Trade Setup: Entry: Look for a break below the recent consolidation low, around 39,425. A breakdown with increased selling volume could signal further downside. Stop-Loss: Place the stop-loss just above the consolidation high or a recent resistance level, around 39,560. This minimizes risk in case of a false breakdown. Target: Set the initial target at the...
Long Trade Setup: Entry: Look for a break above the recent consolidation high, around 39,560. If the price breaks above this level with strong volume, it could indicate a bullish move. Stop-Loss: Place the stop-loss slightly below the consolidation low or a recent support level, around 39,425. This helps protect against a false breakout. Target: Set the initial...
During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. ...
YM (US30) 4 Hour, Fibs: Traded the first bear fib after the double top and saw it trade past its objective yesterday. The Dow has been one of the weaker indices of late, after outperforming most of the year. It didn't even make it up to the 50% line, selling off at the 38.2% line in the initial down move. Then, yesterday, on the rebound, it traded it's halfway...
Dow Jones index futures has completed head & shoulders bottom formation and is exhibiting a breakout from the resistance zone on the 4h time frame. If the breakout is successful, we can expect the price to hit the previous support/resistance zone of 34800.
CBOT_MINI:YM1! A strong decline with the main downward trend knowing that we have demand and supply areas that the market respected and will be very important when it arrives
CBOT_MINI:YM1! Test and reject of 34275 for first week of May: Entry: 34105 | Risk 100pts (reduced size) | Exit 33674 | Profit 430pts Now that YM has exited rotation, and tested boundary, we may see the likelihood of a rejection trade from 33670. Set your alarm there. Possible scenarios: 1) Test and reject of 33670 = short Volume Analysis: Daily: High...
CBOT_MINI:YM1! YM1! US30USD DOW 2023 APR 17 WEEK Previous long scenario2 at 32595 // 33590 worked well. Potential weakness observed. Market now is approx. 500pts away from 34605. Possible scenarios: 1) Trade to be guided by channel 2) With weakness observed, wait to short at channel's supply line or rejection at 35228 // or 34605 previous rejection area ...
YM1! US30USD DOW 2023 APR 03 WEEK Price was marked up on low volume = possibility of trapping longs. Keep your stops tight if you are holding long positions. Possible scenarios: 1) Sell if False break of 33590, test and reject of recent high 2) Long on test and accept of 32595 // 33590 Volume Analysis: Weekly: Low vol up bar close off high = possible...
IN this update we review the recent price action in the emini #DowJones futures contract and identify the next high probability trading pattern and price objectives to target
YM1! US30USD DOW 2023 Mar 27 Support long at 31747 was good. Note the trendline resistance at the moment. I'll be back in April, keep profits and rest from cold. Possible scenarios: 1) Short on reject of 32789 Volume Analysis: Weekly: Ave vol up bar close off high (some supply present) Daily: Ave vol up bar close toward high Price reaction levels Short on...
YM1! US30USD DOW 2023 Mar 20 During the week, the formation of A-A1 rotation offered rotational play opportunity. Demand has built up, with weekly bar showing loss of selling momentum. But it takes time for the vessel to turn, so wait for support to manifest before going long Possible scenarios: 1) Rotational play between 31750 - 32600 (approx 850pts...
YM1! US30USD DOW 2023 Mar 13 Short on reject of 32789 offered very good returns for those who were able to trade during the US afternoon hours. Ease of movement to the downside observed. Possible scenarios: 1) Short on test and reject of 32789, possible target 31100 Volume Analysis: Weekly: Ave vol down bar close toward low (non-trend changing) Daily: Low...
YM1! US30USD DOW 2023 JAN 29 No trades taken for Dow last week as price stayed away from the boundary of the rotation zone. Market crawled up on declining volume, a sign of weakness. Possible scenarios: 1) Rotational play: Trades can be executed at boundary of rotation range 34605 / 32789. - Long if supported at 32789-33037 - Short if rejected at...
YM1! US30USD DOW 2023 JAN 23 Last week, Dow Scenario1 rejection of 34605 short yielded 900pts (trail stop TP). With this rejection, DOW now exhibits rotation behavior 34605 - 32789. Possible scenarios: 1) Rotational play: Trades can be executed at boundary of rotation range 34605 / 32789. - Long if supported at 32789 - Short if rejected at 34605 2)...
Price movements in Week 1 confirmed two levels for future references: 33498 and 32990. Both levels are below closing price of Week 1.
E-MINI DOW JONES ($5) FUTURES A strong rise to the strongest goals and whoever has made a strong correction is likely to continue the rise and there is also a high likelihood that it will descend into the strong areas of demand.
E-MINI DOW JONES ($5) FUTURES The longing moves in a way that is powerful and now we have to lie down until it comes out of the great-grandfather area that we have identified.