Prepping a market for daytrading is an important part of my process and understanding and identifying the KEY LEVELS is the major part of that process. We have to build a Price Action picture of what may happen and what levels may be targeted so we will be ready for a trade. Understanding who (buyers or sellers) is getting caught off side and levels the market is...
Dow Jones index futures has completed head & shoulders bottom formation and is exhibiting a breakout from the resistance zone on the 4h time frame. If the breakout is successful, we can expect the price to hit the previous support/resistance zone of 34800.
In this update we review the recent price action in the emini DowJones futures contract and identify action areas for the week ahead PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
Looking for regular flat to be near complete, two more impulse waves down to get price below 32254 and complete expanded flat B wave. Count invalid if price breaks above 34382 and 34637.
Comparing ES1! and YM1!, I'd like to see one more move down for each to complete their corrective structures. I would look to long once YM1! breaks below 32254. I would like to see ES1! get below 4173.
In this update we review the recent price action in the emini DowJones futures contract and identify potential action areas for the week ahead PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
We cannot trust the last 2 green candles, strong resistance around 33820 area. This upside movementum is just a correction of the drop that we saw from 35560 area. Good chances that tomorrow it will open with gap down and continue to slide down. Of if it opens with a positive sentiments that it will again hit the road block at 33820 zone. For now the index is not...
I am looking for bottom of expanded flat (green ellipse) to complete below 32254 but above 29790. After bottom prints, I'm looking for an impulse C wave back towards ATH, to complete the zigzag from October 2022 low.
According to the negative data that came for the dollar, it is likely that the Dow Jones will return to the upward trend
In this update we review the recent price action in the emini DowJones futures contract and identify the next high probability trading opportunities and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
Quick Trade Idea Im looking to catch the next wave of bearish movement, and i believe this will be an easy setup. I have a 4hr level at 34,545 - which is also a Daily level. And with NFP, and more Unemployment data releasing tomorrow I'm sure to expect things starting to reverse back to the downside again This is just my Personal Opinion, Trade Safely!
Good market for sell do it before rebound the TUNNEL is in progress
lets see the next bar yeah the next bar 15m chart 80 points for ym us 30 dow jones industrial
We have a downtrend on the 4 hour chart. Downtrend on the 1 hour chart with CCI below -100 Supply zone located on the 15 minute chart. Drop Base Drop We should get a pullback to this zone which also has a .618 Fibonacci retracement level. We have another supply zone located above with a .786 and .886 Fibonacci retracement levels inside of the DBD.
In this update we review the recent price action in the emini DowJones futures contract and identify action areas and price objectives for the trading week ahead PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
In this update we review the recent price action in the emini DoJones futures contract and identify the next high probability trading opportunity and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
The Dow can possibly create an Inverted Head & Shoulders which would take a shot at hitting the 34,500 area. Simple and Clean Analysis! Happy Trading ⚔️
In this update we review the recent price action in the emini DowJones futures contract and identify potential action areas for the trading week ahead PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS