/YM hit the first target of 32650 shared in my previous idea (see below). The next target is 32900, followed by 33200, 33500 depending on how price develops. I have sketched two scenarios of equal probability. 1) Price finds resistance at the channel structure and pulls back before a push to 32900 T2 2) Price breaks channel resistance and makes a straight push...
In this update we review the recent price action in the emini DowJones futures contraction and identify high probability action areas for the trading week ahead
#DJIA #ShaneElliottWave #Shaneliot DJIA || Elliott Main wave count || 19 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: DJIA Trading strategies: Short Timeframe Analysis: 1D Expect Main Elliott Mode: Motive wave Expect Main Structure: Impulse Position: Third Wave (Green- Minuette degree) ---
YM1! US30USD DOW 2023 Mar 20 During the week, the formation of A-A1 rotation offered rotational play opportunity. Demand has built up, with weekly bar showing loss of selling momentum. But it takes time for the vessel to turn, so wait for support to manifest before going long Possible scenarios: 1) Rotational play between 31750 - 32600 (approx 850pts...
Dow Jones dropped as risk-off took the driver’s seat ahead of FOMC meeting. From a technical perspective, Dow Jones is brewing a Bat Pattern on the weekly chart. In a shorter term, Dow is struggling to resume uptrend, what key levels to watch? The recent bank sector woes triggered wild swings in the markets this week. The failure of three American banks and...
In this update we review the recent price action in the DowJones emini futures contract and identify the next high probability trading opportunities and price objectives to target
/YM may find buyers at the 50% retracement level. Looking for longs with resistance based targets at 32650, 32900, 33200, 33500. Will update as this price action develops.
YM1! US30USD DOW 2023 Mar 13 Short on reject of 32789 offered very good returns for those who were able to trade during the US afternoon hours. Ease of movement to the downside observed. Possible scenarios: 1) Short on test and reject of 32789, possible target 31100 Volume Analysis: Weekly: Ave vol down bar close toward low (non-trend changing) Daily: Low...
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...
. One dimension analysis or the depth analysis can be studying into the financial data of a the company. . Two dimension analysis is when the investor or trader studying into the chart - Price & Time. . Third dimension analysis is where we combine one and two dimension analysis. Third Dimension Analysis = TA + Depth Micro E-Mini Dow Jones Contract value,...
Like a periscope, Dow Jones is craning its neck upwards, watching waves v in orange and (i) in blue unfolding before its eyes. To finish the current movement, the index should climb above the resistance at 35 521 points but ideally stop just short of the next mark at 36 446 points. Wave (ii) in blue should then lead Dow Jones decidedly back below 35 521 points. A...
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...
I want to go long around the blue moving average that it's actually AVWAP
I think this thing is going to take out some people with cheap stops in the market before dropping harder, so as a day trader - short term trader we can capitalize on this agenda.
In this last video I explain the long that you could have taken today on YM.
In this video I describe how and why you could short YM today on the 28th Feb 2023.
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...