Dow path Looking for Dow to bounce and drop on bad earnings from the banks inside the Dow this week. $3800 key level to watch.
DJIA1! trade ideas
US30USD YM1! DOW 2022 OCT 17US30USD YM1! DOW 2022 OCT 17
Support at 28886 long was fruitful.
Market is in rotation of 1800pts. Next target should be toward bottom
of rotation range 28635.
Possible scenarios:
1) Rotation play = trades to be taken at boundary of range.
2) Signs of breakout = look for higher lows / market loitering near
-> breakout of zone, --> test and accept of breakout = long
3) Signs of breakdown = look for lower highs / market loitering
near bottom of range --> breakdown of range --> Short on test and
reject of breakdown
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32789 31793 31385
30513 28732 29639
29315 27741 26876
26212
Weekly: High vol up bar close off high toward middle = undecisive
Daily: Ave vol down bar close off at low = minor supply
H4: Very high vol down bar close at low = demand present
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! - Weekly Market Update, 10/17The indices had a rather wild week, the technicals are approaching being oversold. A bounce from here would not be unexpected as there is some consolidation occurring as price is currently hovering around the June low's area.
I'd like to see the market cycle back to an area of being overbought and finding a low risk confirmed area to short from. At this time I'm looking for thing's to setup again for a desirable entry.
I've adjusted support and resistance structures accordingly.
DOW DAILY SAY: BUY PINBAR COMES IT CAN GO TO 31700strongly advice dont pick sell.. DOW CAN GO UP WILD AND DONT ALLOW YOU CLOSE YOUR SELL .looking for buy in deep and hold it 4-5 day
if you have old sells, put SL or hedge buystop on today high
good luck
Free money! CPI news tomorrow, bull or bear, 830a eastern.Greetings Traders. Tomorrow on Thursday October 13th, 2022 is the CPI earnings report. This release happens at approximately 8:30am eastern time. However, market movement will be starting early tonight, premium collection territory.
The YM1! e-mini dow jones futures will show plenty of chart movement.
I have marked the chart. no requirement for a stop as the chart will satisfy within the purple range and touch the purple lines, all that's required is time. Once the purple line has been touched at anytime on the chart then the market has satisfied that portion of the move, that move is now marked as complete. Both purple lines will be touched, there is a lot of liquidity where the market would like to go and its marked by the purple ellipses on the chart. The purple lines also represent a 1 deviation move from the days average mean in either direction which didn't happen yesterday. Its very likely both lines at 29461 and 29165 will be touched at least once by Thursday market close late tomorrow.
Plenty of volatility for bulls and bears tomorrow! Starting Wednesday evening.
CBOT_MINI:YM1!
E-MINI DOW JONES ($5) FUTURESE-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.
Strategy for bear #DJI #DJIA1!I'd like to say to everyone reading this hello! I like to draw symmetrical lines and uncover hidden meanings in their relationships. This is a chart of lines I have drawn. Sometimes I like to illustrate my drawings with icons. Historiclese ensures the historical accuracy of each drawing. I hope these lines speak to you well!
3rd graph - the robots manipulationrobots integrated to all platforms and fake players (YES, there is a central AI manipulating everything) buying and selling among themselves, moving prices in the desired direction
DJIA1! SHORTS 1HI'd like to say to everyone reading this hello! I like to draw symmetrical lines and uncover hidden meanings in their relationships. This is a chart of lines I have drawn. Sometimes I like to illustrate my drawings with icons. Historiclese ensures the historical accuracy of each drawing. I hope it speaks to you too!
ShortsI'd like to say to everyone reading this hello! I like to draw symmetrical lines and uncover hidden meanings in their relationships. This is a chart of ideas and things that I have drawn. I hope it helps!
DOW JONES 1DPreferably suitable for scalping and accurate as long as you enter carefully the price behavior with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message..
Enjoy Trading... ;)
/ym #Technical analysis/ym trading at the monthly support zone.
support zone - 28700,27450,25247
resistance - 29700, 31800
Because of fed interest rate hike decision the market behaves choppy and neutral bear market.
should be more cautious for daily trading,
whereas buy the dip opportunity for long-term investment good returns over time.
This week trend may reverse from here for retracement. Short the rip for Traders.
Fomc minutes and cpi data this week lots of volatility.
Happy Trading!!!
YM1! - Weekly Market Update, 10/10Dow futures have settled again below their June lows and are approaching ORANGE channel support.
Support and resistance structures have been adjusted accordingly for your reference.
Elliott Wave View: Dips in Dow Futures (YM) Might Find SupportDow Futures (YM) shows incomplete bearish sequence from 1.5.2022 high favoring further downside. The decline from 8.16.2022 high is in progress as a double three Elliott Wave structure. Down from 8.16.2022 high, wave A ended at 30975 and rally in wave B ended at 32789. Index extends lower again wave C towards 28635 which completed wave (W). Rally in wave (X) is currently in progress as a zigzag structure as the 60 minutes chart below shows.
Up from wave (W), wave ((i)) ended at 28974 and dips in wave ((ii)) ended at 28772. Index extends higher in wave ((iii)) towards 30399, and pullback in wave ((iv)) ended at 29933. Final leg higher wave ((v)) ended at 30513 which completed wave A. Wave B pullback is in play to correct cycle from 10.3.2022 low before the rally resumes. As far as pivot at 28646 low stays intact, expect dips to find support in 3, 7, or 11 swing for 1 more push higher to end wave C of (X). Afterwards, Index should resume the decline lower in wave (Y). Potential target lower is 100% – 161.8% Fibonacci extension from 1.5.2022 high at 22560 – 27022.
DOW 4HOUR : UP TREND WILL CONTINUE TO 31500dow is near buy area for hold to fibo61 ....under red arrow after PINBAR comes we can sell too but be careful from sell ..dow can go to 32800 trendline
good luck
YM1! US30USD DOW 2022 OCT 03
US30USD YM1! DOW 2022 OCT 03
Dow Scenario2 breakdown yielded 700pts for last week.
congrats to those who shorted.
Possible scenarios:
1) Short on rejection of trendline // 29639 // 28886
2) Prepare to long if round bottom is observed and market
retraces during an upward move and finds support.
3) Market rotates, then find trades at edge of rotation zone.
(Yellow box)
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32789 31793 31385
31042 30636 30202
29639 29315
Weekly: Higher vol & narrower spread down bar, close off low
= minor demand
(ave vol on bar itself) = demand coming in
Daily: Ave vol down bar close off low = No Supply
H4: Vol showed buying on the downtrend. Coupled with possible
SPRING setup
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! - Weekly Market Update, 10/3Dow futures settled below the June lows this week and are likely headed for the lower $28,XXX handle in the coming week(s).
Potentially breaking down from there would accelerate a plunge towards the 2020 lows in the coming month(s).
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