The Anatomy Of The Perfect Short Signal | YM Extreme TurnThe Dow Jones Futures Contract (YM) produced the perfect sell signal today, a one bar (30m) Extreme Turn condition.
Be sure to watch the Related Ideas post called How, When, & Where To Catch A Falling Knife Using RSI for the context, theory, and indicator logic, behind the sell signal covered in this video.
Note: The hand mouse-over cursor got a little wonky and is not positioned on the chart where I was actually recording. It's close, but still a bit off. Acceptable enough, but thought worth mentioning.
Stay Green & Trade Like You Mean It!
YM1
US30USD YM1! DOW 2022 FEB 07 Week
US30USD YM1! DOW 2022 FEB 07 Week
Test of breakout at 34697.
If 34697 is supported, will look for long opportunity / long
on retracement.
The indecisiveness presented on weekly/daily bar may
result in a whipsaw market. Trade with care.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35518 35206
34697 33734 33383
32737 32036
Weekly: Average volume up bar closing in middle = Indecisive
Daily: Average volume up bar closing on middle = indecisive
H4: Average volume Upthrust bar closing at low = weakness.
Remember to like and follow if you find this useful.
Have a profitable week ahead.
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!
Why get subbed to me on Tradingview?
* Professional chart break downs
* Supply/Demand Zones
* TD9 counts / combo review
* Key S/R levels
* No junk on my charts
* Frequent updates
* Before/after analysis
* 24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment for support !
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results,tight stop loss.
US30USD YM1! DOW 2022 JAN 31 Week
US30USD YM1! DOW 2022 JAN 31 Week
Both scenario did not play out, rather resistance at
34782 did provided some short opportunity.
Market rotated between 34782 and 33383.
Preference to adopt rotational play, i.e. entries will be
made at the boundary of the rotation range.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35518
34782 33734
33383 32737
32036
Weekly: Very high volume up bar closing near high = Weakness
Daily: Average volume up bar closing at high = strength
H4: Average volume up bar closing near high = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30USD YM1! DOW 2022 JAN 24 Week
US30USD YM1! DOW 2022 JAN 24 Week
Scenario 2 provided a very fruitful short opportunity last week.
Price has reached demand line of channel into oversold, and
looks like the formation of a distributive structure.
Price reaction at 33927 and 34328 will determine the
strategy to adopt -- refer to possible scenarios .
Short on Test and Reject | Long on Test and Accept
36446 35518
34782 34328
33927 33383
32737 32036
Daily: High volume down bar closing at low = weakness
H4: Average volume down bar closing at low = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
Dow Jones Industrial this could be the dip, if the markets crashed.
in this macroeconomic environment, and the lack of liquidity, most analysist are talking about a crash in the markets, what we can see from the charts, is this. the market could dips till this low after it resume the long term bull run.
US30USD YM1! DOW 2022 JAN 17
US30USD YM1! DOW 2022 JAN 17
Last week's scenario 1 and 2 trades were good.
Preference is to long on pullback.
Considering Weekly and H4 weakness, preference to short on
retracement.
Possible scenarios play out provided.
Short on Test and Reject | Long on Test and Accept
37760 36960
36806 36390
36120 35882
35521 35164
34894 34547
33927 33383
Weekly: Average volume down bar closing off low = some
strength
Daily: High volume down bar closing in middle = some strength
H4: UHV down bar followed by up bar = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
NQ Nasdaq, you need to know this before selling NASDAQ you need to know this before selling, as we see in the chart the NQ market gives you a short signal which is the price breaks the support level with no volume, but I really advise you as a professional trader to wait until the market breaks the blue line with *VOLUME*.JUST KEEP IT IN MIND
US30USD YM1! DOW 2022 JAN 10
US30USD YM1! DOW 2022 JAN 10
Last week's trapping longs and rejection of 36572-36416 provided
good short opportunity.
Considering Weekly and H4 weakness, preference to short on
retracement.
Possible scenarios play out provided.
Short on Test and Reject | Long on Test and Accept
37760 36960
36806 36418
36120 35882
35549 35164
34894 34547
33927 33383
Weekly: High volume down bar closing near low = weakness
Daily: A lower volume narrow spread bar closing off low = No supply
H4: Bar 1 & 2 effort no result = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30USD YM1! DOW 2022 JAN 03US30USD YM1! DOW 2022 JAN 03
Market on a gradual uptrend, new channel (brown) formed.
If test and reject 36572-36416, will be opportunity for short term short.
Breaking through 16121 and rejection will see price testing the
lower levels.
If price reaches bottom of channel and find acceptance, will be
long opportunity.
Short on Test and Reject | Long on Test and Accept
37760 36960
36572 36416
36121 35882
35549 35164
34894 34547
33927 33383
Weekly: Price tested previous high on a low volume up bar closing
in middle = no demand for higher prices = Weakness. Note bar closed
at demand line of previous uptrend channel.
Daily: Upthrust bar followed by down bar closing off low = some
demand present.
H4: Weakness and 1st lower high observed. if break and rejects 36121,
lower prices expected.
Remember to like and follow if you find this useful.
Have a profitable week ahead.
E-mini Dow retest resistance line at 35885E-mini Dow retest resistance line at 35885
Dow is in a consolidation mode with major resistance at 35885 and support at 35577 and 35531 in M30. We are likely to see a continuation of the current trend until it either breaks to the upside or drops below major support
US30USD YM1! Dow 2021 Dec 06
US30USD YM1! Dow 2021 Dec 06
H4 bulls/bears fighting for control.
Bears continue if price returns into channel and continues downward
Bulls will be in control if we can see price break high of bar 1 and finds
support
35941 35231
34986 34795
34559 33927
33383 32036
Weekly: High volume down bar closing in middle of spread, demand
has come in = TBC for bulls/bears resolution
Daily: Down bar closed above 50% of bar spread and slightly lower than
previous bar, good effort from buyers. Let's see if there is any follow
through next week.
H4: Test into Upthrust bar A. Bar 2 UHV down bar has a narrower
spread, this shows there's some buying. Last bar is high volume bar
closing off high = weakness. It shows bulls/bears may be wrestling
for control.
Remember to like and follow if you find this useful.
Short on Test and Reject | Long on Test and Accept
Have a profitable week ahead.
US30USD YM1! Dow 2021 Nov 29 Week
US30USD YM1! Dow 2021 Nov 29 Week
Market took advantage of the holiday to trap longs and moved aggressively
downward to take out stops, and test a previous demand area.
Will this be shakeout or bearish absorption? Market will tell us by
Monday's close.
Weekly: Average volume side spread down volume bar closing off high = some
demand present. The bar test a previous high volume bar.
Daily = Ultra wide spread very high volume bar closing on low = weakness
present.
H4 = Ultra high volume ultra wide spread down bar closing on low = Strength or
bearish absorption.
Strategy for Long (Test and Accept)
Strategy for Short (Test and Reject)
Entry based on price reaction to the levels on YM1!:
37524 37100
36446 36255
35988 35550
34881 34121
33718 33383
32906
Remember to like and follow if you find this useful.
Have a profitable trading week ahead.
Dow Futures is down to a critical level around 35532
Dow Futures is down to a critical level around 35532
The recent bounce at 35885 was short-lived after it was rejected at 36239 estimates, as indicated in my previous analysis chart. The index fell from 36239, made attempts to hold at 35767 but failed and continued down to 35532, closing Friday's session around the 200 MA line.
Dow will face some challenges around the 200 MA line in blue and the support line at around 35532, and this will be an important level to watch in next week's session. Dow will need to hold at these critical levels to avoid further decline.
www.tradingview.com