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:
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
In this update we review the recent price action in the emini #DowJones futures contract and identify the next high probability trading opportunities and price objectives to target
YM1! US30USD DOW 2023 APR 24 WEEK
Discretionary trade at the 34275 rejection yielded 350pts.
With price failing to reach previous supply level 34605,
could market be indicating that demand at higher levels
have been exhausted?
If so, we may be looking at further distribution (i.e. selling)
Possible scenarios:
1) With weakness observed, wait to short at...
Has Dow Jones caught spring fever? At the moment, the index seems to lack the necessary drive to continue expanding wave (i) in blue. However, we expect Dow Jones to pull itself together soon and to summon up enough momentum to make it above the resistance at 35 521 points. The index should not surmount the higher mark at 36 446, though, but finish the current...
CBOT_MINI:YM1!
YM1! US30USD DOW 2023 APR 17 WEEK
Previous long scenario2 at 32595 // 33590 worked well.
Potential weakness observed.
Market now is approx. 500pts away from 34605.
Possible scenarios:
1) Trade to be guided by channel
2) With weakness observed, wait to short at channel's
supply line or rejection at 35228 // or 34605 previous
rejection area
...
![DJIA1!: 5-2-23 [dow jones]](https://s3.tradingview.com/r/rTBDMr1I_mid.png "5-2-23 [dow jones]")
