DJIA1! trade ideas
YM1! Weekly Analysis - 2/28The 33,000 support level holds yet again. While price action occurred below it, price never settled.
The 34,000 resistance level is in near reach of where the market closed this past Friday.
Beyond which, if price rallies higher there are several more resistance structures it will need to overcome.
34,500 & 35,000 are both positioned as resistance above. 33,000 & 31,500 remain as support below.
US30USD YM1! DOW 2022 FEB 28 Week
US30USD YM1! DOW 2022 FEB 28 Week
Last week's short from 34367, and late week long
on support was highly profitable.
With price pushing up on very high volume, there's a
possibility of price returning to test these high volume area,
scenarios will be:
1) Long if test area 1 is supported
2) Long if test area 2 is supported
3) Not forgetting the trend channel showing overbought,
there may be an opportunity to short if price shows rejection
at 34367 / 34034
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 34034
33230 32672 32167
Weekly: High volume wide spread up bar closing off high =
weakness
Daily: Very high volume up bar driving demand to close above
33031 followed by average volume up bar closing near high
= strength
H4: High volume down bar closing off high = demand present.
Remember to like and follow if you find this useful.
Have a profitable week ahead.
DOW30 SHORT POSITIONLooking for DOW30 to become a short postion trade. Nasdaq made higher highs while Sp500 n Dow30 failed to go higher. Orderflow is bearish, Great spot to sell.
Trading The Bearish Sequence in the DowIn this update we review the recent price action in the Dow (futures contract) and identify the next high probability trading opportunity and price objectives to target.
Some ideas for Dow futures There may be a temporary bounce to test the 32,804-33,000 resistance area before resuming a potential sell-off. You may consider it as a dead cat bounce. In fact, if you look at the diamond top replication, each time a break will result in a rebound. Hence, dont be afraid but get ready your guns and buy at the dip.
The Breakdown!Dow breakdown from 33031, as long as price stay below this price level, the swing is targeting 30682 & 29230
PINBAR daily comes on dow CFD , it can create butterfly patterndespite dow down move ,but we still looking for buy (sell on dow,dax,nasdaq,sp500,gold is very very dangrouse)
so dont fear looking for buy but low size and SL in low (or day low)
when dow go up ,dont close buy soon , be patient 10-15 day , close buy sooner than fibo 61% is stupid
if dow break low , we must wait , buy it in 32000 and 30000 (next posible lowest low for 2022) ,hold it until high
good luck , we will see dow in high soon
YM1! down scenarioIn a contractionary monetary policy and with oil near $100.00 per barrel, businesses especially the industrial ones will face hard times to improve their earnings.
I'm giving a scenario on how the price might behave with those key prices.
always remember use proper risk management and trade size with this wild volatility.
good luck
Dow Jones: Playing the Triangle 🎼Dow Jones has joined an orchestra and is currently making use of our pink triangle. We expect it to play it a little bit longer until the bottom of the orange zone between 33518 and 32614 points, where wave Z in green as well as wave iv in orange should end and give Dow Jones new drive to take off, aiming for the resistance at 35521 points.
Still, there is a 30% chance that Dow Jones could fall though the orange zone and below 32500 points. From there, it should drop further downwards.
Wade back into the Dow... carefullyBelieve it or not, the Dow Jones Industrial Average has been range-bound for a month. While Tantrum Tuesday (after a three-day weekend) might not be the best day to act, an upswing later in the week could be a good setup.
YM1! headed south?Last week's price action, most importantly last weeks price settlement may be an indication of what's on the horizon.
A retest of 33,000 is not out of the question in the near term unless something spins this market around aggressively.
34,500 holds the potential to contain weekly buying. It would take a settlement above for the market to grind higher.
US30USD YM1! DOW 2022 FEB 21 Week
US30USD YM1! DOW 2022 FEB 21 Week
34697 weakness provided good short .
As market approaches UHV area of bar A, possible scenarios:
1) Long if 33734 is supported
2) Long if 33031 - 33355 is supported
3) If price is resisted at black trendline and 34367 region =
short opportunity
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 33734
33355 33031 32737
32036
Weekly: Average volume down bar closing near low = weakness
Daily: Average volume down bar closing off low showed =
demand present
H4: High volume down bar closing off high = demand present.
Remember to like and follow if you find this useful.
Have a profitable week ahead.
MYM - Micro E-min Future Dow Jones Industrial AverageShort trade on 3 contracts of MYM continuing from previous post:
- If stopped, a lost of -231$ will be done
- If Lmt is reach, a gain of +2159$ will occur
buy little size dow with SL near 36250 see chart exactly,dow is near fibo 61%,,,it love fibo 61% ,,, dont close it soon , hold it near 20 day ,,,,dow can go to high again
MYM - Micro E-min Future Dow Jones Industrial AverageTake a Short position on MYM
- General Bearish trend
- Breakdown at open on 9h30
- Stochastic-RSI trending down
US30USD YM1! DOW 2022 FEB 14 Week
US30USD YM1! DOW 2022 FEB 14 Week
Last week, H4 chart showed price advancing on narrow
spread is a classic long trap. 10 and 11 Feb's short due
to this weakness worked well.
Preference is to wait for the price reaction at 34697.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35714 35311
34697 33734 33383
32737 32036
Weekly: Average volume upthrust bar closing near low
= weakness
Daily: Average volume down bar closing off low showed
some demand is present.
H4: Very high volume down bar closed higher than
previous bar = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
E-MINI DOW JONES ($5) FUTURESThe arrow moves nicely, and it has a very strong point of resistance that is respected by Adam, who hacks it up strongly, and the opposite is true.
DJIA1! - Dow Screams Trouble AheadWhat we see here is a red pitchfork, catching price at the center and the upper extreme.
After the drop, we see the sharp run-up.
Price got rejected exactly at the confluence point by the U-MLH (Upper-Medianline-Parallel).
Tomorrow is friday and - this is a weekly chart. If pirce is closing down that much, it screams "Trouble Ahead" for the Stock Market.
Target?
The Centerline for the first portion of the position and then the L-MLH for the second portion.
Dow Jones: The Second Time Around 🎤“ Love is lovelier the second time around… ”, so they say in the Oscar-nominated song “The Second Time Around”. First performed by Bing Crosby in the 1960 musical-movie “High Time”, the song became even more popular when Frank Sinatra added it to his repertoire one year later.
The song’s message might also ring true for Dow Jones as the index tries to climb above the resistance line at 35521 points for the second time. We expect it to make it above this mark soon and to thus affirm further upwards movement. The index should then rise farther, even above 36446 points.
However, as long as Dow Jones has not managed to conquer the resistance at 35521 points, we must not disregard our secondary scenario. There is a 40% chance that the index could fall below 33532 points and head for the bottom of the orange zone between 33518 and 32614 points.
Update 2 :dont pick sell on dow it can go 38400 (fibo 161%)see dax 4hour chart FDAX1!
dow has powerfull buy now as i predict 3 days ago , so looking for buy in 15min chart deep with sl = day low
if you have sell , you must close all now
if you have buy , be patient 7 day
good luck
