The provided chart is a 2-hour time frame analysis of the Micro E-mini Dow Jones Industrial Average Index Futures (MYM), highlighting a 'Bullish Flag' pattern. This pattern suggests a continuation of the existing uptrend after a period of consolidation.
Description:
The pattern is characterized by a sharp upward movement in price (the flagpole), followed by a...
Dow Futures (YM_F) shows incomplete sequence from 10.3.2022 low favoring further upside. Rally from 10.3.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 10.3.2022 low, wave (1) ended at 35228 and dips in wave (2) ended at 32409. Wave (3) higher is in progress as an impulse in lesser degree. Up from wave (2), wave 1 ended at 34315 and...
Dow Jones Futures (YM) have experienced a notable resurgence since the bottoming of 30-year bonds in late October, leading to lower yields. This rally in risk assets has propelled the Dow to trade at 52-week highs, overcoming the prevailing headwind of interest rates throughout much of the year.
Recent robust earnings from Salesforce positioned the Dow for...
Weekly chart with ichimoku.
The LS has broken its trend line, confirmation of the uptrend.
RSI at 64.12%, MACD ok.
Next goal, the highest at 36826 points.
Make up your mind.
YM took sellside liquidity below Asia Low. Bullish breakers on 5M and 15M. Target - resent swing high for 1:2,2 RR. In line with overall recent uptrend
Looking for slight pull back with price action that supports bullish narrative, around 34,900
then buying on bullish engulfing candles. Looking for Down close candles being rejected to form bullish engulfing. I'm not a genie or oracle so it's difficult to predict if it takes out the highest before moving lower or vise versa . This is the Third and Final leg up...
I believe we are at the C portion and will not get fooled by this short term rally. I am expecting another leg down to D to close out the remainder of the year and the first quarter of next year. I believe D area just slightly under the rising weekly 200sma will be PRIME buying for the, in my opinion, the final leg up in this bear flag channel to either 37000 or...
Based on recent price action that correlates between Day chart to 15min a bull run seems to be coming after consolidation, but may do a pull back to 33830 range.
This trade triggered last night and has retested our original demand zone.
4 hour chart trend is up
1 hour trend is up but sideways.
15 minute retest of a demand zone.
Target is set at previous structure high.
This is the retest of the opening range on the Micro DOW 15 min chart.
Why did we take this short?
1. Momentum is down on the 4hr
2. Momentum down on 1 hour
3. broke out to the downside on the opening range.
4. Price needs to recalculate below the 50 SMA of the TrendCloud.
In this update we review the recent price action in the emini DowJones futures and identify Friday levels in play
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
In the video I talk through the two trades namely trading continuation with Trend and then trading Countertrend Reversals. Both have their own price action points but are very different.
I review a continuation trade and the setups I look for when trading from level to level...but the main focus on the video is trading Reversals which can be very rewarding but...
Dow Jones Industrial sector is the strongest this week and we can see sharp and impulsive intraday stabilization that can cause a bigger recovery in upcoming weeks, but ideally only within a higher degree A-B-C corrective rally in wave B after we spotted a larger leading diagonal from the highs into wave A. So, we will still have to be aware of another sell-off on...
