YM (US30) 4 Hour, Fibs: Traded the first bear fib after the double top and saw it trade past its objective yesterday. The Dow has been one of the weaker indices of late, after outperforming most of the year. It didn't even make it up to the 50% line, selling off at the 38.2% line in the initial down move. Then, yesterday, on the rebound, it traded it's halfway...
Is the last heavy drop coming this year? ... This is my prediction of the US30's next move... Wait... :)
Higher than previous headline CPI inflation indicate lower gold prices and higher USD the Nasdaq future and BTC should be expected to drop for the coming weeks and/or rest of the month.
-See the Chart above for an analysis -Price reaching off of daily/weekly supply -Shorts valid with confirmation -Personally will be trading smaller timeframes but still interesting levels. buy still valid for day-trading/scalping to the upside
Good reasons to go up and to go down. Futures like gap fills, we shall see..
I'll keep this brief. The area on the chart where purple 5 resides best counts as a 3-wave structure. Therefore, in my primary analysis, I am counting this as an irregular b wave that made a slightly higher high and now we should be heading into the 4370 area for our black c wave of 4. I have a purple alternative 5 on the chart because there is a chance of wave...
CBOT_MINI:YM1! A strong decline with the main downward trend knowing that we have demand and supply areas that the market respected and will be very important when it arrives
when you see buy pinbar on 1hour or 4hour or daily chart ,pick buy with SL=pinbar low wait time=2week predict=dow,nasdaq,sp500 will see all time high again (35000) but with 2-3 mini crash if you have old buys,dont fear, if red area break,hedge your buys wish you win
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis -...
Us30 will rally by about 680 points today from this point. If/when this pans out give me a like and a comment.
YM1! US30USD DOW 2023 APR 24 WEEK Discretionary trade at the 34275 rejection yielded 350pts. With price failing to reach previous supply level 34605, could market be indicating that demand at higher levels have been exhausted? If so, we may be looking at further distribution (i.e. selling) Possible scenarios: 1) With weakness observed, wait to short at...
YM Target 19588 this is 6700 tics down... insane thing for economy.... Take care friends.
Cycle from 12.13.2022 high in Dow Futures (YM) shows a 5 swing sequence favoring follow up to the downside. Structure of the move lower from 12.13.2022 high is unfolding as a 5 waves diagonal Elliott Wave structure. Down from 12.13.2022 high, wave 1 ended at 32686 and rally in wave 2 ended at 34551. Dow Futures extends lower in wave 3 towards 32527 and wave 4...
when you see pinbar on 15-60-2240-1440min chart ,pick buy and put SL in pinbar low,uunderstand? hold your buys minimum to fibo 50% (dont close soon) if you have old buy ,dont fear ,dow will back to high ,but put hedge sellstop in low ok? (if it open,never close it in low ,even in 10.000$ profit(ca go downer and margincall you ),wait dow goes down and back ,up...
In this last video I explain the long that you could have taken today on YM.
CBOT_MINI:YM1! In this video I explain exactly how you would trade one of the three trades that you could have traded today on YM using ICT concepts taught in his Mentorship 2022 and Mentorship 2033. I am by no means an expert or even a long term profitable trader. I am quite a bit of a gambler but I am working and studying ICT full time. It works and it helped...
My advanced modeling and TV scripts recently turned BEARISH on the Daily SPY. This means the markets have moved into a RISK-OFF mode - likely preparing for additional downside trending. While the Weekly modeling continues to stay BULLISH, I'm writing this update to warn my followers that both the Rotational Modeling and the TT-3MACD strategies have turned...