Chart Idea - Bearish Setup on YM1!E-Mini Dow Jones had been making a bearish divergence on daily TF since July 2024. We also have been seeing it in an upward trend since Aug of this year. It finally it breaking today. It seems that the daily candle will close below the trend line today. If it does, we can look at the beautiful short setup on the retracement.
Entry - 42950-43000
SL - 43600
TP1 - 42000
TP2 - 41000
We hardly see these kind of clean setups. There is a high probabilty that it will play out before elections in November.
Not a financial advice !!
Ym1!_tradingsetup
YM Short Trade SetupShort 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 previous support area of around 39,225, with the potential to extend lower if the bearish trend continues.
YM Long Trade SetupLong 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 target at the recent high of around 39,850, with a potential to extend to higher levels if the bullish momentum continues.
DOW looking pretty bad we might see it at $30,500.Dow Jones Is doing very bad. We could see a very bad crash if the candles break out of the trading range and break the S1 support.
According to my technicale analysis of The DOW Futures , we can see that the #DOWJONES market is in a trading range, and it's approaching a very important Candle. Stay tuned, we note that we might goning to see a down trend in the next few weeks!
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US30USD YM1! Dow 2021 Sep 06 WeekYM1!
US30USD YM1! Dow 2021 Sep 06 Week
Shorting on weakness was good as price was rejected at the 35500 region several times.
Weekly: Narrow spread down bar. Price broke through previous week's high but closed below
the previous bar = Weakness.
Daily = Rotation, whipsaw expected. Last bar is down bar closing below 50% = weakness.
H4: Rotation, whipsaw expected. Up bar yielded no result = weakness
Entry based on price reaction on Red/Green zones.
Strategy for Short (Test and Reject)
Strategy for Long (Test and Accept)
Price levels on YM1!:
35550- 35500
35220 - 35250
35114
34775
34569
34495
Remember to like and follow if you find this useful.
Have a profitable trading week ahead.
US30USD YM1! Dow 2021 Aug 30 WeekYM1!
US30USD YM1! Dow 2021 Aug 30 Week
Market approaching previous high. Weekly/Daily still uptrend,
H4 still rotation.
Preference is to short when price breaks resistance and closes below it.
If it is breakout, then wait for price to return to breakout level and long.
Weekly: High volume up bar = Strength
Daily: High Volume Up Bar approaching recent resistance
H4: UHV Ultra Wide Spread Up bar followed by upthrust = Weakness
H1: No demand closing off high = weakness
Entry based on price reaction at Red/Green zones.
Strategy for Short (Test and Reject)
Strategy for Long (Test and Accept)
Price levels on YM1!:
35535 - 35420
35403
35151
35114
34924
34606
34535
Remember to like and follow if you find this useful.
Have a profitable trading week ahead.
YM1! @ 1h @ will bulls defend 19660 before trump start friday ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards :)
Aaron