In this update we review the recent price action in the emini DowJones futures contract and identify the next high probability trading opportunity and price objectives to target
•Past performance not indicative of future results
In this update we review the recent price action in the emini DowJones futures contract and identify some high probability action areas for the trading week ahead
•Past performance not indicative of future results
Posting this to track the progress in the Dow Jones futures.
Currently forming a rounded top, expecting it to behave like a rising wedge. If you expect this to go bearish, don't be surprised if we get an overthrow before it breaks down. If it does breakdown, this forms a perfect double top.
If this breaks out and sustains the breakout, look to the following time...
In this update we review the recent price action in the emini DowJones futures contract and identify high probability action areas for the trading week ahead and price objectives to target
*Past performance not indicative of future results
Throughout the world, we see patterns arising. To some, they may seem like nonsense, but to others, there are certain formations that at times can be warnings of what's to come, as seen in this comparison. Bitcoin and the Dow are starting to match up in wave formation patterns, with Bitcoin being the leading indicator for future moves in the Dow. While this all...
- Trades taken using confirmation entires have a higher probability for sucess.
- Using an initial 1:1 target is recommended for reducing risk.
- Short-term income trade ideas are good for the day unless otherwise stated.
*** For educational purposes only ***
Alert=Fino 161% on weekly chart show upper target is 38500 , so be careful from sell
for now if last low not break ,it will go up , so buystopon last high is good idea (sl=low)
if you have old sell, 100% put hedge buystop in last high,,,brak it mean uptrend will story
goodluck
Dow Jones is taking a breather near the resistance at 34 363 points, showing (again) a distinct response to this mark. Soon, though, the index should resume the ascent to develop the top of wave (i) in blue, which should then initiate a prominent downward movement. However, there is a 30% chance that Dow Jones could drop below the support at 32 246 points,...
Stocks are bullish for the last few weeks, and some of indexes are finally breaking higher on speculation that FED is going to pause the hiking cycle. US CPI print also came out lower than expected, 4% down from 4.7% so there is even greate chance that FED will be on hold soon. When that’s the case stocks can move higher much easily, but still keep in mind that...
IN this update we review the recent price action in the emini DowJones futures contract and identify some high probability action areas and price objectives to target
YM1! US30USD DOW 2023 June 12 Week
No change to previous analysis, observing reaction to 34605-34275 area. Last Friday's up bar
showed significant weakness.
Possible scenario:
Short if 34605-34275 is rejected again
Reason:
Higher low toward previous resistance, on reducing volume.
The professionals may engineer a false break to suck in traders unaware of the...
Somebody whispered "new bull market!" into our ear overnight. Bull or no, we think DJIA futures have a bit further to pull back from recent overbought levels before the stampede begins in earnest.
Traders who agree can either short the September Dow futures, as here, or pick up some AMEX:DOG or $SDOW.
