Bears Trapped at Key Support - Bulls Load for Reversal💡 To see my confluences and/or linework, Step 1: Grab chart, Step 2: Unhide Group 1 in object tree, Step 3: Hide and unhide specific confluences 📊
The Market Participant Battle:
Bears have exhausted themselves at a critical support zone (point 2 on the chart), where a set of proven market partic
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Dow Jones Futures October Rangebound GameplanGoing into October, Dow Jones is in a clear 1000 tick range from 46,000 to 47,000. Because of this, I will be setting my trend following strategy aside and pulling out my range bound toolbox.
Step one when in a range, stay away from the middle. Look for swing points in the middle to be swept.
YM 9/26I boxed last week in grey so we can see last weeks high, low and median range. then I skipped to the 4hr timeframe and marked out the levels and jumped to the 15min timeframe to plot the lower timeframe levels that stood out.
4 candles create 6 levels. I don't always mark all 6 levels. I like to f
YM 9/30Levels are marked on the screen and color coded to the timeframe they were created on.
Weekly box is grey and shows the high, low and median range.
The red box is a daily high, low and median from yesterday.
Orange levels are 4hr timeframe
yellow is the hourly timeframe and blue is the 15min tim
YM 10/215min timeframe view
Color Coded to timeframe; strength favors higher timeframes
Monthly timeframe = Pink
Week = Grey
Day = Red
4hr = Orange
1hr = Yellow
15min = blue
The hourly distribution trend needs an hourly level to break. Could the Hourly Inv.BS level be the one? The current candle if close
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The nearest expiration date for Micro E-mini Dow Jones Industrial Average Index Futures (Jun 2020) is Jun 19, 2020.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Micro E-mini Dow Jones Industrial Average Index Futures (Jun 2020) before Jun 19, 2020.