Short Term Elliott Wave in Dow Futures (YM) suggests rally from 3.15.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.15.2023 low, wave 1 ended at 34363 and pullback in wave 2 ended at 32619. The Index has turned higher in wave 3 with internal subdivision as another 5 waves in lesser degree. Up from wave 2, wave (i) ended at 3330 and...
YM1! US30USD DOW 2023 June 05 Week
Welcome myself back from holiday!
Some selling into higher prices, so will watch reaction to 24605-34275
area.
Possible scenario:
1) Short if 34605-34275 is rejected again
2) Higher low toward previous resistance, for long on retracement.
Retracement down bars need to be on lower volume for this to happen.
Price Reaction...
CBOT_MINI:YM1!
A strong decline with the main downward trend knowing that we have demand and supply areas that the market respected and will be very important when it arrives
In this update we review the recent price action in the DowJones and identify the next high probability trading opportunity and price objectives to target
when you see buy pinbar on 1hour or 4hour or daily chart ,pick buy with SL=pinbar low
wait time=2week
predict=dow,nasdaq,sp500 will see all time high again (35000) but with 2-3 mini crash
if you have old buys,dont fear, if red area break,hedge your buys
wish you win
In this update wee review the recent price action in the emini #DowJones futures contract and identify the next high probability trading opportunity and price objectives to target
Even though we had some strong fundamentals that pushed U30 to upside it is still technically bearish. If price exceed invalidation area, then I would look to reanalyze this.
Thats a nice pattern on DJIA; five up and now three down underway, so ideally more gains will come, but after wave C down that is still missing. We may see a bounce later this week from around 32500-32800 area.
CBOT_MINI:YM1!
Last week's test and reject 33670 short yielded 270pts.
Market approaching intermediate axis 32994.
Possible scenario:
1) 32994 is supported and market returns into 33850-32994 range
2) 32994 becomes resisted and market head toward 31657/30513
Price Reaction Levels:
Short on Test and Reject | Long on Test and Accept
33632
34275-34605 ...
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
CBOT_MINI:YM1!
Test and reject of 34275 for first week of May:
Entry: 34105 | Risk 100pts (reduced size) | Exit 33674 | Profit 430pts
Now that YM has exited rotation, and tested boundary, we may see the
likelihood of a rejection trade from 33670. Set your alarm there.
Possible scenarios:
1) Test and reject of 33670 = short
Volume Analysis:
Daily: High...
gm,,,
haven't been posting anything public lately - too busy with the private content.
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created a few minute window today to write this up, and a few others.
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i am envisioning a massive move to the upside on this dow jones index.
estimating for it to take out the all time highs.
> sounds bananas right?
> maybe to you, anon.
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og post:
![DJIA1!: 5-2-23 [dow jones]](https://s3.tradingview.com/r/rTBDMr1I_mid.png "5-2-23 [dow jones]")
