This is the YM Dow MINI FUTURES contract chart. This is a amazing, clear as day #BULLISH PATTERN Should start pushing up within the next hour? or two? for a nice run. for all the extra early birds out there trading y'all can take advantage of this Make sure you're always paying attention. to the structure and when it breaks allow smaller time frame candles. or...
This is what I am anticipating for the next 3 years or so on the DOW'S weekly chart.
I am expecting a bullish run up in this bear flag formation to hit the third measured move up to 42,250 before the next sell off down to the covid low demand area of 24,400.
This last weekly run up was the second measured move and is still in progress to hit 39,000 based on the...
I am basing my analysis on the chart and using trend analysis to determine that it is still bullish. It is not at the top but in the topping process for this second leg of 20%.
January 11th is the next major red news of CPI and I believe that will be the catalyst to propel price to its goal of 38,800-39,000 target.
Using the last 20% leg up back in October 2022,...
Everything is timed and measured. This bullish price action is still within boundaries of a bear flag where, by definition, it is bullish. I believe after the last little push up to 39,000 that it will then pullback down to 35,500 area for the FINAL push up to 42,250. After the third measured move is complete, then the bear flag will have completed itself and the...
The daily chart is still showing signs of bullish price action
Still above the rising 21ema on the daily chart
Flag Pattern pullback to the rising 21.
Measured move to the top of the up channel
I put a line through 50% the body of that last FAT GREEN BAR as support
I will drill down to lower time frames to see if it will hold as the lower time frames 200sma.
I am trying to master the art of finding demand for use with daytrading and or very short term swing trading. I am starting to see some patterns that are playing out over and over.
I am going to not trade short side for awhile until I can master the Long side first with demand. I am trying too many things at once and need to understand how to be a buyer first.
All in the video, I believe we are close to a turn although a stab above 4700 would be ideal to take out the majority of bears who are still hanging on. A few days to go higher at most, but I believe the parade is ending soon. Last update I thought we would float up into christmas but now it looks like we will top before then.
Good luck!
Dow Futures (YM) has broken to new all-time high, suggesting the trend remains firmly bullish. It also suggests the next bullish cycle has started. Short term, rally from 11.10.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 11.10.2023 low, wave ((i)) ended at 36337 and dips in wave ((ii)) ended at 36022. Internal...
December E-mini Dow Jones Index futures continued the uptrend that saw a break above the resistance line formed by connecting the high in January 2022 with the high in July 2023. With CPI, PPI, and a Fed announcement this week, there are certainly enough possible catalysts to turn this market to the bearish side. The MACD showed a bullish cross about a month ago...
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.
