Just like January 19th how price closed above the 21ema after a couple of down/sideways days, it went on to continue the bull trend.
Today did the same thing. Closed above the 21 after a couple of down/sideways days.
After placing a trendline at the exact 50% mark of today, I believe price should stay above it and the 21ema IF the bullish trend is to...
Well As you can see, we can see the SMT here so we can expect a downtrend.
The first condition is, that we see the price close the candle body below the bullish FVG, only then can we expect the price to go lower to collect the sell-side liquidity.
After that, If the first condition occurs, we need the candle closure below the sell side liquidity, then the...
I see two gaps that need to be filled. Will they get filled? I don't know. I am leaning bullish. I can see the market bumping up against the 200sma one more time before falling down to fill the gap on the bottom. Then a bullish climb higher to fill the gap higher?
Or perhaps it doesn't fill the gap on the upside yet on Friday and will wait for Monday or Tuesday?...
I found an interesting pattern that has happened 3 times so far.
A sell off day
A gap up and fill
A second gap up and fill. Sometimes doesn't fill, just continues bullish
First Pattern
Second Pattern
Third Pattern
This could mean nothing but it was something I felt sharing
Unlike ES and NQ, YM has failed to create a higher high on the daily timeframe suggesting that if we were to see some form of a retracement, YM could be the first mover.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
-...
Now that Monday has finished trading, I have a better idea of what is likely to happen.
Price is looking like it is in a 2 legged pullback to find the next higher low.
Price has been inside of a bear flag since the 27th
I will be looking for shorts on Tuesday and Wednesday down into major 1 hour support for a new higher low.
My stops are always 30-40 ticks...
This is my demand zones for US30, it has been a long time since I traded US 30, but it's looking very bullish! We have made some new highs and expect to keep pushing! The target could be 40000 in the longer term since that´s a round number and a psychological level.
Apologies for the quality in this recording. My previous one deleted last minute and I never had time to create another detailed review before work.
Last week, we were looking out for shorts but never got the full range.
This time, 39,050 - 39,040 is in the cards for this weeks trading
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that...
Market is extremely bullish, and likely to try the 4000 USD psychological level to attract more buyers. In any case, we need to see the H1 schematic to play out, and in this case, wait to see what happens in Phase C and D.
Just following the bull trend of higher highs and higher lows.
Right now it looks like another consolidation near support and a higher low from Feb 21st
I think 40,000 is where the market wants to go and will just keep buying the dips.
Today, we're taking a closer look at the Dow Jones Index, specifically the E-Mini Dow Jones Futures. It appears we're in Wave (2), overshooting the target and forming an Expanded Flat correction. If there's a turnaround here, typical for such waves, we might see a correction somewhere between 50% and 61.8%. We consider more than 78.6% unlikely, so we're betting on...
Set up is pulling back to a rising daily 21ema, when green takes out red, buy limit. That would be 39,044.
The weekly 21ema is pointing straight up, indicating higher prices projected.
So far this week has been a slow and steady pullback, a resting bar.
Short term target is 40,000 minimum
Long term target is 115,000 in 2035
Demographics tells me that...
With the weekly 21ema pointing straight up, I am looking for pullbacks for another higher low buy opportunity.
One range expansion of the 2022 high/low will put it at 45,000 as the bare minimum target.
I have a target area of 95,000-115,000 in the year 2035.
I believe price should stay above its rising quarterly 21ema for the remainder of the bull run higher...
After two weeks of consolidation at a rising weekly 21ema, last week's weekly candle broke and closed above both. I don't really see any pullbacks coming soon. First target is of course 40,000 but I plan on holding for awhile as I believe this move just got started. I can see 50,000 in the future as well.
Massive spike out attempt on both buyside and sellside on the weekly timeframe. But in comparison to CME_MINI:ES1! and CME_MINI:NQ1! , CBOT_MINI:YM1! has been stagnant for the past two weeks.
Last week, I was expecting lower prices but the $38,100 manipulation that occurred was something that I thought would hold and we would see a candle body...
Today closed at the end of the session with a bearish engulfment and a pin bar wicking into the top 50% of said engulfment. I am seeing the 21ema start to flatten out and possibly roll over with massive space between the 21ema and the 200sma.
Friday I think will be a choppy/range with a slight bullish tint to maybe take out Thursday's high and make another hit...
Just experimenting with the angle of the 21ema and the likely move out of it.
I have seen about 4 different angles and 4 different bull moves
Strong Explosive Moves with 70-75 degrees
Decent Moves with 60-65 degrees
Grindy and choppy up moves with about 45 degrees
Most likely a pullback with 10-25 degrees
