YM1
Dow for short term 6/3/2020The dow moved as predicted in the previous update and still in uptrend momentum. Wave 4 was so complicated to count and I count it as triangle correction after the decisive rise in price at a minor degree. The whole rise from 22700 is a either wave c or 1 of the third wave as we showed in the last update. What is surely coming now is a minor correction wave which I consider a good opportunity for day trading to jump in. I will remain invest strategy as long only for day traders other traders should wait until pieces of evidence support accurate scenarios. Your comments are welcome.
US30 - Dow Jones - YM1! - H1 - Intraday AnalysisUS30 - Dow Jones - YM1! - H1 - Intraday Analysis
We have a Major bullish Trend on the H4 & H1 chart, we are waiting for a little correction on a key level @ 25250 before to enter Long.
Our first target will be the 1.618 Fibonacci Level.
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Entry: 25250.00 | Stoploss: 25100.00 | Takeprofit1: 26100.00 |
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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
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UPD: Comms at their top inventory area, specs still not buyingToday's candle and volume will reveal more $DJI, $SPY
US30 - Dow Jones - YM1! - H4 - Weekly Analysis - LONG -US30 - Dow Jones - YM1! - H4 - Weekly Analysis - LONG -
We have a Major bullish Trend on the Daily, H4 & H1 chart,
we are waiting for a little correction on a key level @ 25450 before to enter Long.
Our first target will be the 1.618 Fibonacci Level and second target the 2.272 Fibonacci Level.
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Entry: 25450.00 | Stoploss: 25125.00 | Takeprofit1: 26100.00 | Takeprofit2: 27350.00 |
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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
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Update Dow for short term I believe the rise from a major bottom is a correction wave (ABC). the price now in the last fifth wave of C or 1 of C. Both scenario indicate that the price should make new high and this is a good opportunity for the short-term trader. I am in since last week and my SL is the bottom of last week. There is another suggestion that wave 4 has not completed anf unfold as a complex correction but less likely.
Short DOWShort DOW at 25700
Approaching month end. We are overbought. This trade may take 6 months
Goal is 16000. This will be updated
Is the Dow Jones 🐂 Ready to Rumble? | DOW JONES MINI FUTURES ($🐮 The DOW (DJI, DIA, YM1!, UDOW, etc) is rallying based on recent strength shown by key players like Disney, the banks, Boeing, Exxon, etc. Looking at Dow Jones Mini Futures (YM1!) we can see a new clear bull trend forming... but we also see a clear-as-day support level to be tested to help confirm this rally. Perhaps the shift out of the NASDAQ's COVID hedge plays and into DOW darlings causes a correction in all markets, perhaps bank stocks run up against resistance and need to cool down. Whatever spurs on the retest of support, so be it. The plan here is simple regardless, we are aiming to buy support and catch a ride on the post-COVID bull.
Resource: www.investors.com + www.fool.com + www.cnbc.com
✨ Drop a comment asking for an update, we do NEW setups every day! ✨
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1. Fractal Trend is showing an uptrend (Aqua colored bars) on the 4-hour timeframe. This is the first notable confirmation of an uptrend on YM1! and is indicative of the recent strength in DOW holdings.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua colored lines) and/or bullish S/R levels plotted by Directional Bias (Aqua colored lines).
3. The goal here is to take a long position at the S1 S/R flip since that has been a major price pivot point during the COVID correction.
4. Our stop loss is placed just below S1, with the logic being that S1 will hold.
5. Our target is the R2 highs formed during a dead cat bounce back in March.
6. If S1 doesn't hold, then S2 offers another support level, although the current bullish bias on the DOW would be lost at that point.
Good luck bulls!
US30 - Dow Jones - YM1! - H1 - Intraday AnalysisUS30 - Dow Jones - YM1! - H1 - Intraday Analysis - LONG
We have a Major bullish Trend on the H4 & H1 chart, we are waiting for a little correction on a key level @ 24900 before to enter Long.
Our first target will be the -0.236 Fibonacci Level and second target the -0.382 Level.
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Entry: 24900.00 | Stoploss: 24775.00 | Takeprofit1: 25150.00 | Takeprofit2: 25400.00 |
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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
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Update Dow future for short termThe price now on the last stage of an impulse wave. In finer degree the price may retrace to level indicated in chart and then jump as a last and final wave in this pattern. For short-term trader, it is a good spot for both directions (long or short)
US30 - Dow Jones - YM1! - H1 - Intraday AnalysisUS30 - Dow Jones - YM1! - H1 - Intraday Analysis
We have a Bullish Trend and price made a breakout on a Key level @ 24600,
we would like the enter long, but are waiting for a pullback or breakout of the previous high.
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Entry: 24625.00 | Stoploss: 24500.00 | Takeprofit: 24875.00 |
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Dow Futures: Blue Wedge of Truth Under AssaultLike $ES_F, $YM_F is testing the top of its Blue Wedge of Truth at 24,200. The bottom of the Wedge currently sits at 23,900. Broad risk-off sentiment seems likely to result in a test of the latter.
US30 - Dow Jones - YM1! - H1 - Intraday Analysis US30 - Dow Jones - YM1! - H1 - Intraday Analysis - SELL
We could have a possible bearish correction of the major trend,
because on the immediate trend is we are bearish.
Enter Short on the breakout of the 0.786 Fibonacci Level with a Target will be @ the 0.618 Fibonacci Level.
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Entry: 24460.00 | Stoploss: 24600.00 | Takeprofit: 24110.00 |
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Taylor Technique ... Raschke/Connors 80/20 ES_F YM_FA little something to put in your toolbag...
The fade this morning falls in line with the Taylor Technique for swimg trade fades of previous days highs/lows when the previous day opens in its lower/higher 10% and closes in its higher/lower 90%.
When this occurs the retest of the previous day hi/lo is likely and IF they fail to hold a fade is likely.
Raschke & Connor modified it to 80 & 20% i believe to create more trading ops. Google it.
I track these levels on a daily basis with a fib tool marked at 80/20 (yellow lines)
Yesterday the ES & YM both opened in their respective lower 20% and closed in their respective 80% The RED line is the previous day high.
Note the YM tested and faded while the ES was unable to retest setting up the bearish reversal resulting in an intial 250+ pt ym and 30+ pt es move.
I trade the ym but watch the es for signals. These may have occurred on the nq & rty as well but I dont track them.
US30 - Dow Jones - YM1! - H1 - Intraday Analysis - US30- Dow Jones- YM1! - H1 - Intraday Analysis - SELL
We are waiting for a breakout on the 0.786 Fibonacci Level to consider to enter short.
Our first target will be the 0.618 Fibonacci Level
and second target the 0.382 Fibonacci Level.
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Entry: 24440.00 | Stoploss: 24640.00 | Takeprofit1: 24140.00 | Takeprofit2: 23640.00 |
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If you like this idea please click the like button to support us, thanks.
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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
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