Dow Jones: Reversal H&SMain Pattern: Weekly/monthly reversal Head & Shoulders
First entry short below 32300
Second entry Short on Daily Pattern perhaps below 32000
YM1! trade ideas
YM Dow futures to retest previous low; 17% & 20% correction riskIt seems even more likely that YM Dow futures may retest the most recent 12% correction low with major moving averages failing to give support.
Bearish scenario:
However, if this negative 12% level does not hold, the risks are increasing that it may target the next 17% correction level. (This is more likely that the worst scenario of a 20% correction bringing it to the brink of a potential bear market.)
Bullish scenario:
If the 12% correction holds, we may see a return to Value stocks as growth stocks remains pressured in an increasing rates environment.
Not trading advice
YM1! - Weekly Market Update, 5/2/22The Dow continues to exhibit weakness. Continuing to settle below the channel structure which it did on Friday should offer us a test of the 31800 support structure in the coming week(s)? Currently there is no technical setup that meets my entry criteria to consider a trade idea at this time.
DJI Potential bearish drop | 28th Apr 2022On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from our entry at 33583 where the horizontal overlap resistance is to our take profit at 32689 in line with the horizontal swing low support. Alternatively, price may break structure and head for stop loss where the horizontal overlap resistance and 38.2% Fibonacci retracement is at 34078.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJI Potential bearish drop | 28th Apr 2022On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our entry at 33583 where the horizontal overlap resistance is to our take profit at 32689 in line with the horizontal swing low support. Alternatively, price may break structure and head for stop loss where the horizontal overlap resistance and 38.2% Fibonacci retracement is at 34078.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Dow Jones: EnsnaredRemember the Devil’s Snare in “Harry Potter”? It is one of the obstacles Harry, Ron and Hermione have to overcome to get to the Philosopher’s Stone. Quite similarly, Dow Jones is ensnared by the green zone between 33790 and 32534 points, which it has entered already for the second time. We expect it to advance a bit deeper still to finish wave (5) in white, wave c in turquoise and wave 2 in green. After it has managed this task, the index should rise out of the green zone and above the mark at 34038 points. There, it should gain enough upwards momentum to cross the resistance at 35413 points as well. To confirm this scenario, though, Dow Jones must not fall through the bottom of the green zone and drop below the support at 32167. However, there is a 40% chance that this alternative scenario could come into play.
DJI Potential drop | 27th Mar 2022On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our entry at 33583 where the horizontal overlap resistance is to our take profit at 32689 in line with the horizontal swing low support. Alternatively, price may break structure and head for stop loss where the horizontal overlap resistance and 38.2% Fibonacci retracement is at 34078.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
YM1! Dow completed short term cycle 5 wave + 3 wave retracementCompleted short term cycle
Have to love the little green bars outside of the bollinger bands when you have a reason to go long
I could probably find a harmonic in there, but no need as price swings and candlestick is saying it all
Possibly heading into a longer term swing trade with nice R:R depending on where you put the stop, (Mine would be below the low of the last 2 days)
Not advice, just my opinion on what I'm planning to do
DOWJONES 4 hour : dont fear pick buy above 33000 and hold ittoday nasdaq push index down , mst powerfull place ( next low) can be in 33000 , after buy DONT CLOSE IT SOON , TRY HOLD IT 15-20 DAY minimum to 34400 EMA200 daily will touch soon or late !!!
for safe buy , after 33000 touch , you can wait Pinbar comes on 1hour or 4hour , or daily chart or in 15min chart , dow break last trendline to up
good luck , if you have old buys , dont fear on dow daily chart trend is UP , it will fly up soon
Dow Jones Potential bearish drop | 26th Apr 2022On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from our entry at 34078 where the 161.8% Fibonacci retracement is to our take profit at 33354 in line with the horizontal swing low support and 61.8% Fibonacci retracement . Alternatively, price may break structure and head for stop loss where the 61.8% Fibonacci retracement is at 34739.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Dow Jones Potential bearish drop | 26th Apr 2022On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our entry at 34078 where the 161.8% Fibonacci retracement is to our take profit at 33354 in line with the horizontal swing low support and 61.8% Fibonacci retracement. Alternatively, price may break structure and head for stop loss where the 61.8% Fibonacci retracement is at 34739.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Dow Jones Potential bullish rise | 25th Apr 2022On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 34078 where the overlap resistance is from our 1st support at 33354 in line with the horizontal pullback support and 61.8% Fibonacci retracement . Alternatively, price may break 1st support structure and head for 2nd support where the horizontal swing low support is at 32670.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DOW: short term vs long termThere is PLENTY off resitence around 35000 level. Monthly close above it will be good for the SHORT term.
Closing below 33000 at month end i would call bearish allready.
With the prospects off war on the horizon, a further correction seems only logical.
Only to flow BACK into the DOW. where else would the money go? DOW & in dollars! is still king for international capital.
Compare the DOW to other indices, you will see the dow outperforming. and I believe it will continue to do so in the long run.
I do believe Selling some & get some extra cash in hand is smart.
But let's not forget: Markets can stay irrational longer than you can stay solvent So i would not rule out a further up move to fool everyone, and restart its downtrend after.
Watch the 35K level for weekly & monthly closings.
Dow Jones Potential bullish rise | 25th Apr 2022On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 34078 where the overlap resistance is from our 1st support at 33354 in line with the horizontal pullback support and 61.8% Fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support where the horizontal swing low support is at 32670.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
YM1! - Weekly Market Update, 4/25/22We started last week off with the anticipation of a sell off based on the prior week's price action. However, price rallied before the selloff had occurred. It appears our timing was slightly off, but our analysis's anticipated direction was correct. Price action after Friday's selloff is approaching fresh support, not to say we can't break right through it, but it does exist. Normally when we end a week on the note we did this past week, there's some follow through to be expected. Time will tell as it always does. Ascending and descending structures are all imaged here for your support and resistance references for the week ahead. Wishing you a profitable week!
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.
