Chart Idea - Bearish Setup on YM1!E-Mini Dow Jones had been making a bearish divergence on daily TF since July 2024. We also have been seeing it in an upward trend since Aug of this year. It finally it breaking today. It seems that the daily candle will close below the trend line today. If it does, we can look at the beautiful short setup on the retracement.
Entry - 42950-43000
SL - 43600
TP1 - 42000
TP2 - 41000
We hardly see these kind of clean setups. There is a high probabilty that it will play out before elections in November.
Not a financial advice !!
Ym1!_analysis
YM Short Trade SetupShort Trade Setup:
Entry: Look for a break below the recent consolidation low, around 39,425. A breakdown with increased selling volume could signal further downside.
Stop-Loss: Place the stop-loss just above the consolidation high or a recent resistance level, around 39,560. This minimizes risk in case of a false breakdown.
Target: Set the initial target at the previous support area of around 39,225, with the potential to extend lower if the bearish trend continues.
YM Long Trade SetupLong Trade Setup:
Entry: Look for a break above the recent consolidation high, around 39,560. If the price breaks above this level with strong volume, it could indicate a bullish move.
Stop-Loss: Place the stop-loss slightly below the consolidation low or a recent support level, around 39,425. This helps protect against a false breakout.
Target: Set the initial target at the recent high of around 39,850, with a potential to extend to higher levels if the bullish momentum continues.
US30, DowJones. Weekly trading levels 13 - 17.05.2024During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no arrows with direction), so zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
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YM (US30, Dow Jones Industrial Aveage) Puts in a Double TopYM (US30) 4 Hour, Fibs: Traded the first bear fib after the double top and saw it trade past its objective yesterday. The Dow has been one of the weaker indices of late, after outperforming most of the year. It didn't even make it up to the 50% line, selling off at the 38.2% line in the initial down move. Then, yesterday, on the rebound, it traded it's halfway back short. ####TRADE ALERT####
YM (DOW 30)
Call: Short
Entry Type: Market 39320
SL: 39500
TP1 / TP2: 38636
################### Normal Size Position - Much Better Entry at A Series Fib with a Much Larger Reward:Risk 900 points of reward:200Points of Risk
Head & Shoulders Bottom in Dow Jones Futures?Dow Jones index futures has completed head & shoulders bottom formation and is exhibiting a breakout from the resistance zone on the 4h time frame. If the breakout is successful, we can expect the price to hit the previous support/resistance zone of 34800.
YM1! US30USD DOW 2023 MAY 08 WEEKCBOT_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 volume breakdown from rotation, followed by lower
vol up bar close off high = confirmation of supply overcoming demand
H4: Lower vol up bar close off high = weakness
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35228 34605 34275
33670 32681 31657
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! US30USD DOW 2023 APR 17 WEEKCBOT_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
Volume Analysis:
Weekly: higher volume up bar close off high
= minor weakness
Daily: Higher vol mark up to close lower, and a close below
middle of bar = potential weakness
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35228 34605 33590
32595 31657
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! US30USD DOW 2023 APR 03 WEEK
YM1! US30USD DOW 2023 APR 03 WEEK
Price was marked up on low volume =
possibility of trapping longs. Keep your stops tight
if you are holding long positions.
Possible scenarios:
1) Sell if False break of 33590, test and reject of
recent high
2) Long on test and accept of 32595 // 33590
Volume Analysis:
Weekly: Low vol up bar close off high =
possible selling, trapping longs
Daily: Wide spread low vol up bar close off high
= possible selling, trapping longs
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35228 34605 33590
32595 31657
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! US30USD DOW 2023 Mar 27
YM1! US30USD DOW 2023 Mar 27
Support long at 31747 was good.
Note the trendline resistance at the moment.
I'll be back in April, keep profits and rest from cold.
Possible scenarios:
1) Short on reject of 32789
Volume Analysis:
Weekly: Ave vol up bar close off high (some supply present)
Daily: Ave vol up bar close toward high
Price reaction levels
Short on Test and Reject | Long on Test and Accept
34689 32789
30513 28635
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! US30USD DOW 2023 Mar 20
YM1! US30USD DOW 2023 Mar 20
During the week, the formation of A-A1 rotation offered rotational
play opportunity.
Demand has built up, with weekly bar showing loss of selling
momentum. But it takes time for the vessel to turn, so wait for
support to manifest before going long
Possible scenarios:
1) Rotational play between 31750 - 32600 (approx 850pts range)
2) Continuation long = long on retracement, to test 33590
3) Short if 31747 was broken through and becomes resistance
Volume Analysis:
Weekly: Higher vol, narrower spread down bar close off low
= reduced downward momentum
Daily: Ave vol down bar close toward off (non-trend changing)
Price reaction levels
Short on Test and Reject | Long on Test and Accept
34689 32789 31747
31097 30513
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! US30USD DOW 2023 Mar 13
YM1! US30USD DOW 2023 Mar 13
Short on reject of 32789 offered very good returns for those who were able to trade
during the US afternoon hours.
Ease of movement to the downside observed.
Possible scenarios:
1) Short on test and reject of 32789, possible target 31100
Volume Analysis:
Weekly: Ave vol down bar close toward low (non-trend changing)
Daily: Low vol E=R down bar (non-trend changing)
Price reaction levels
Short on Test and Reject | Long on Test and Accept
34689 32789
30513 28635
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! US30USD DOW 2023 JAN 29
YM1! US30USD DOW 2023 JAN 29
No trades taken for Dow last week as price stayed away from the
boundary of the rotation zone. Market crawled up on declining
volume, a sign of weakness.
Possible scenarios:
1) Rotational play: Trades can be executed at boundary of rotation
range 34605 / 32789.
- Long if supported at 32789-33037
- Short if rejected at 34605-34432
2) Rotational breakout/breakdown:
- If price breakout, long when price retraces and finds support
- If price breakdown, short when price retraces and is rejected
Volume Analysis:
Weekly: Ave vol up bar close off high = No demand
Daily: Low vol up bar close off high = No demand
H4: Ultra High vol up bar close off high, followed by ave vol
down bar = weakness confirmed
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35750 35228 34432-34605
33037- 32789 30513 28635
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! US30USD DOW 2023 JAN 23
YM1! US30USD DOW 2023 JAN 23
Last week, Dow Scenario1 rejection of 34605 short yielded 900pts
(trail stop TP).
With this rejection, DOW now exhibits rotation behavior
34605 - 32789.
Possible scenarios:
1) Rotational play: Trades can be executed at boundary of rotation
range 34605 / 32789.
- Long if supported at 32789
- Short if rejected at 34605
2) Rotational breakout/breakdown:
- If price breakout, long when price retraces and finds support
- If price breakdown, short when price retraces and is rejected
Volume Analysis:
Weekly: Low vol wide spread S>D bar = weakness
Daily: Ave vol up bar close at high = No demand
H4: High vol up bar closed off high = minor weakness
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35750 35228 34416-34605
32789 30513
28635
Remember to like and follow if you find this useful.
Have a profitable week ahead.
For all traders in this market, especially buyers, For all traders in this market, especially buyers, the ban in the coming days, where a group of indicators indicating the price decline will meet, as the price rebounded on the resistance twice and a reversal candle was formed in addition to fading and equal to the last two columns of the (MACD) indicator
(YM)