E-mini Dow Jones ( YM1! ), H4 Potential for Bullish Continuation
Title: E-mini Dow Jones Futures ( YM1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 34707
Pivot: 34199
Support: 33675
Preferred case: Looking at the H4 chart, my overall bias for YM1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head up towards the resistance at 34707, where the previous swing high is.
Alternative scenario: Price could head back down to retest the pivot at 34199, where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 34707
Pivot: 34199
Support: 33675
Preferred case: Looking at the H4 chart, my overall bias for YM1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head up towards the resistance at 34707, where the previous swing high is.
Alternative scenario: Price could head back down to retest the pivot at 34199, where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.