Cycle from 12.13.2022 high in Dow Futures (YM) is unfolding as a zigzag Elliott Wave structure. Down from 12.13.2022 high, wave A ended at 32686. Wave B rally ended at 34487 as the 90 minutes chart below shows. Internal subdivision of wave B unfolded as a zigzag structure in lesser degree. Up from wave A, wave ((a)) ended at 33663 and dips in wave ((b)) ended at...
Dow Jones turned red on the 1D time frame (RSI = 42.944, MACD = 52.430, ADX = 23.942) but oversold on the 4H (RSI = 24.370, MACD = -196.780, ADX = 55.260), which is the exact conditions we've been eyeing for a buy entry.
The sharp drop that followed the 4H MA50 breach closed on the HL trend line. The pattern is a Rising Megaphone and right now the price sits at...
The dow has officially completed its first sub-impulse 5-wave and an expanding flat is ongoing with the last leg C wave heading for the support near 32,500 level. Overall, the rebound may not be strong and should exit quickly upon reaching the first target resistance at 34,292
YM1! US30USD DOW 2023 JAN 23
Last week, Dow Scenario1 rejection of 34605 short yielded 900pts
(trail stop TP).
With this rejection, DOW now exhibits rotation behavior
34605 - 32789.
1) Rotational play: Trades can be executed at boundary of rotation
range 34605 / 32789.
- Long if supported at 32789
- Short if rejected at 34605
YM1! US30USD DOW 2023 JAN 15
Dow was ranging mostly for the past 2 weeks. A
As market approaches previous rejection area, keep
stops tight. No demand on all 3 TF, temporary weakness
may be expected. Possibility of short on rejection
if market crawls upward and is rejected at higher
1) Short on rejection of 35228 / 34605
2) Long if...
An alien trader landed on earth and was given a chart of the combined** US indices (futures). Luckily, and not coincidentally, he knew TA.
He had never heard of people like J.Powell and J.Cramer, or places like China, Ukraine and Russia.
this is what he saw:
- Broke out 'above' the main diagonal trend (bullish)
- Made a Higher High (bullish)
A period of low spread and low volume can indicate a lack of liquidity in the market. This can be caused by a variety of factors, such as a lack of investor interest in the security or derivative, or a lack of market participants willing to trade at the current bid and ask prices.
In this case, a market maker may choose to adjust its strategy to manage the risk...
Today, we will do a few case studies on how we can make a market entry, this technique can be applied both the long-term or the short-term trades.
1. 25 Nov 21 - Entry signal to short (transiting into today’s bear)
2. 13 Oct 22 - Entry signal to go long (for this bear rebound)
3. Today – Entry signal – Sell
If you have been following, today’s is...
YM1! US30USD DOW 2023 JAN 01
Welcome us to 2023. Wishing you much trading success
for the new year and great health!
1) Short on rejection at 34607 / 32789
2) Long if supported at 30513 / 28635
Weekly: Low vol down bar close at middle = indecisive
Daily: Low vol down bar close toward high = No Supply
H4: High vol up bar closed at high =...