YM took sellside liquidity below Asia Low. Bullish breakers on 5M and 15M. Target - resent swing high for 1:2,2 RR. In line with overall recent uptrend
Looking for slight pull back with price action that supports bullish narrative, around 34,900
then buying on bullish engulfing candles. Looking for Down close candles being rejected to form bullish engulfing. I'm not a genie or oracle so it's difficult to predict if it takes out the highest before moving lower or vise versa . This is the Third and Final leg up...
I believe we are at the C portion and will not get fooled by this short term rally. I am expecting another leg down to D to close out the remainder of the year and the first quarter of next year. I believe D area just slightly under the rising weekly 200sma will be PRIME buying for the, in my opinion, the final leg up in this bear flag channel to either 37000 or...
Based on recent price action that correlates between Day chart to 15min a bull run seems to be coming after consolidation, but may do a pull back to 33830 range.
This trade triggered last night and has retested our original demand zone.
4 hour chart trend is up
1 hour trend is up but sideways.
15 minute retest of a demand zone.
Target is set at previous structure high.
This is the retest of the opening range on the Micro DOW 15 min chart.
Why did we take this short?
1. Momentum is down on the 4hr
2. Momentum down on 1 hour
3. broke out to the downside on the opening range.
4. Price needs to recalculate below the 50 SMA of the TrendCloud.
In this update we review the recent price action in the emini DowJones futures and identify Friday levels in play
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
In the video I talk through the two trades namely trading continuation with Trend and then trading Countertrend Reversals. Both have their own price action points but are very different.
I review a continuation trade and the setups I look for when trading from level to level...but the main focus on the video is trading Reversals which can be very rewarding but...
Dow Jones Industrial sector is the strongest this week and we can see sharp and impulsive intraday stabilization that can cause a bigger recovery in upcoming weeks, but ideally only within a higher degree A-B-C corrective rally in wave B after we spotted a larger leading diagonal from the highs into wave A. So, we will still have to be aware of another sell-off on...
4 hour chart is in a downtrend
1 hour chart sideways / down
CCI is below -100
15 minute supply zone inside of the opening range.
Follow the TrendCloud process in the free trade plan.
Over $3000 in profits from the last 4 trades.
In this update we review the recent price action in the emini DowJones and identify levels in play for Friday's session
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
In the video I review my trades on the DOW Jones Index for the session and talk through the setups, price action and reasoning for the trades. I also talk through the overall bias for the session and the missed opportunity from my sessions plan.
Feel free to join in our live trading room....link in the signature below.
** If you like the content then take a look...
In this update we review the recent price action in the emini DowJone futures and identify action areas for the week ahead
PAST PERFORMANCE NOT INDICATIVE OF A FUTURE RESULTS
Prepping a market and having a defined directional bias coming into a trading session, is the key for a winning day.
In the video I talk through a Live Trading session we had with our group and the reasons why we were bias short.
I talk through the areas our traders hit sell entries and Where and Why I was happy to enter the market short once my ideal Price...
In this update we review the recent price action in the emini DowJones futures and identify the next high probability trading opportunities and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
