YM1! Time to sell after the end of the uptrend we will see a downtrend after having a big sprint box sign
Ym1!_analysis
Dow starting to set up a floor?Hi, trading view community. Looking at the Dow Jones on the daily chart, we’re starting to see a floor being set up by buyers from 32,485. This level sits in a deeper area of demand that’s been in play since February 22nd. After a volatile week of trade, could we see buyer confidence come back into the market today?
We want to see price hold above 32,485. A close below that level maintains seller drive, with indicators like the EMA and CCI still pointing to bearish conditions. But if we can see price continue to trade above that level, could the number be with buyers at the moment?
Currently, the YM is 0.77% lower at 32,558
US30USD YM1! DOW 2022 MAY 02 Week
US30USD YM1! DOW 2022 MAY 02 Week
If no exception, market will likely continue toward 32427-32167 Scenario1 extension
from last week's analysis.
Wait for price reaction.
Play scenarios mapped out:
1) Test of 34220 breakdown, and continue toward 32167-32427 region
2) 32167-32427: If level is broken and later market returns to this area,
and is supported, next may be an attempt for an upward move
3) Market not ready for downward move toward 32427, return to clear
demand between 34220 - 33081 region
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34945 34367 34220
33066 32492 32167
Weekly: Average volume down bar close at low = weakness
with some demand
Daily: Ave volume down bar closing at low = weakness
H4: High vol down bar closing off low = minor strength
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Have a profitable week ahead.
US30USD YM1! DOW 2022 APR 25 Week
US30USD YM1! DOW 2022 APR 25 Week
Scenario1 Rotational play between 34220-35330 yielded good result.
On Friday we saw Scenario 2 with breakdown of 34220 short.
Market should be attempting 33433 next, and then the 32427-32167
region.
Should market reach 32427-32167, wait for price reaction.
Play scenarios mapped out:
1) Test of 34220 breakdown, and continue toward 32167-32427 region
3) 32167-32427: If level is broken and later market returns to this area,
and is supported, next may be an attempt for an upward move
3) 33433 is supported and market attempt higher levels.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34945 34367 34220
33427 32492 32167
Weekly: Average volume wider spread down bar close off low = weakness
with some demand
Daily: High volume down bar closing off low = weakness with some demand
H4: UHV bearish absorption + high vol down bar closing at low = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30USD YM1! DOW 2022 APR 18 Week
US30USD YM1! DOW 2022 APR 18 Week
Friday's bar showed rejection of 34945 - 34800 region. A
Our response to market's attempt at retracement should
then be to short.
Per 11 Apr's analysis, Market will likely head lower should intermediate support
34220 becomes resistance, adopt a short on retracement preference.
Play scenarios:
1) Rotational play between 34220 - 35330
2) Breakdown of 34220 and this becomes resistance, market may
test 33433 and 32200 region.
3) Test of breakout area 33433 and supported = long opportunity.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34945 34367 34220
33427 32492 32167
Weekly: Low vol down bar closing off low = minor strength
Daily: Average vol down bar closing at low = weakness
H4: Average vol down bar closing off low = minor strength. Read of the
last 3 bars showed S>D.
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30USD YM1! DOW 2022 APR 11 Week
US30USD YM1! DOW 2022 APR 11 Week
With weakness shown by Supply>Demand and followed by a UT,
market will likely head lower should intermediate support 34220 becomes
resistance, then we should look to short on retracement.
Play scenarios:
1) Rotational play between 34220 - 35330
2) Breakdown of 34220 and this becomes resistance, market may
test 33433 and 32200 region.
3) Test of breakout area 33433 and supported = long opportunity.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34945 34367 34220
33427 32492 32167
Weekly: UT bar followed by down bar = weakness confirmed.
Daily: Average vol up bar closing off high = weakness
H4: UHV up bar closing off high followed by down bar = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30USD YM1! DOW 2022 MAR 28 Week
US30USD YM1! DOW 2022 MAR 28 Week
34034 support held, and market went into rotation
between 34220 - 34800. Looks like market may
be building a bullish cause so that it can return into
the upward channel.
Play scenarios:
1) Rotational play between 34220 - 34800
2) Breakout long play if confluence of 34800 +
return into channel is supported.
3) Test of 3343 play - breakdown and resisted at 34220 bottom
of rotation and market may test 33433
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34800 34367 34220
33427 32492 32167
Weekly: Low vol up bar closing off high =
No demand weakness
Daily: Low vol up bar closing off high, narrower
spread bar on same effort = weakness
H4: Ultra high vol upthrust bar closing below
rotational resistance 22800, followed by up bar
= some strength.
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30❕ ( DOW JONES 3H Analysis ) - Bullish Continuation 🔔🔔🔔Hello Traders!
Dow Jones index for 3H Analysis show us some Price range between two white rectangle, and that what will the price continue on it until break the resistance area.
The Price will going to make a pull back and that's mean is the perfect time to buy at the previous resistance level (Current Support) presented by the lower black rectangle between $34080 - $34180.
On the weekly time frame we have a previous bullish engulfing candle, in this week also the candle show us that is the buyers still in control that what assures us of a bullish continuation for US30 next week.
--------------------------------------------------------
Trade Idea for US30 ( Dow Jones ) :
- Wait for a pullback movement at the Black support rectangle then buy
- TP1 AT $34870
- TP2 AT $35445
NB: The probability of what I analyzing, is to be true unless the opposite is proven
Feel free dear trader to share with me your opinion, and also your analysis & Follow me for more analysis and also keep watching
Have a nice trading
US30USD YM1! DOW 2022 MAR 21 Week
US30USD YM1! DOW 2022 MAR 21 Week
If 34034 support holds, look for long on retracement
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 34034
33427 32492 32167
Weekly: Average volume Up bar closing near high = strength
Daily: Low volume up bar closing near high = weakness
H4: Average volume up bar closing at high = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
Dow Jones: Just a Little Bit More 🤏Dow Jones is pressing further and further upwards and has nearly reached the resistance at 34205 points. Once the index has crossed this line, we expect it to gradually continue its ascent above the next marks at 35521 and 36446 points, which should each affirm the upwards movement. There remains a 35% chance, though, that Dow Jones could drop below 32167 points and into the magenta zone between 31292 and 29978 points first before endeavoring to rise up again.
Dow Jones: SeesawDow Jones is currently see-sawing between the resistance at 34205 points and the support at 32167 points and seems hesitant to move forward too fast. We expect the index to move, though, namely upwards. As soon as it has effectively crossed the resistance at 34205 points, it should continue to rise above the next one at 35521 points and still further above 36446 points. However, to assert this scenario, Dow Jones must not fall below the support at 32167 points, otherwise our alternative scenario with a probability of 40% would commence. In that case, the index should make a detour through the magenta zone between 31292 and 29978 points before climbing up again.
US30USD YM1! DOW 2022 FEB 28 Week
US30USD YM1! DOW 2022 FEB 28 Week
Last week's short from 34367, and late week long
on support was highly profitable.
With price pushing up on very high volume, there's a
possibility of price returning to test these high volume area,
scenarios will be:
1) Long if test area 1 is supported
2) Long if test area 2 is supported
3) Not forgetting the trend channel showing overbought,
there may be an opportunity to short if price shows rejection
at 34367 / 34034
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 34034
33230 32672 32167
Weekly: High volume wide spread up bar closing off high =
weakness
Daily: Very high volume up bar driving demand to close above
33031 followed by average volume up bar closing near high
= strength
H4: High volume down bar closing off high = demand present.
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30USD YM1! DOW 2022 FEB 14 Week
US30USD YM1! DOW 2022 FEB 14 Week
Last week, H4 chart showed price advancing on narrow
spread is a classic long trap. 10 and 11 Feb's short due
to this weakness worked well.
Preference is to wait for the price reaction at 34697.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35714 35311
34697 33734 33383
32737 32036
Weekly: Average volume upthrust bar closing near low
= weakness
Daily: Average volume down bar closing off low showed
some demand is present.
H4: Very high volume down bar closed higher than
previous bar = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
DOW looking pretty bad we might see it at $30,500.Dow Jones Is doing very bad. We could see a very bad crash if the candles break out of the trading range and break the S1 support.
According to my technicale analysis of The DOW Futures , we can see that the #DOWJONES market is in a trading range, and it's approaching a very important Candle. Stay tuned, we note that we might goning to see a down trend in the next few weeks!
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US30USD YM1! Dow 2021 Dec 06
US30USD YM1! Dow 2021 Dec 06
H4 bulls/bears fighting for control.
Bears continue if price returns into channel and continues downward
Bulls will be in control if we can see price break high of bar 1 and finds
support
35941 35231
34986 34795
34559 33927
33383 32036
Weekly: High volume down bar closing in middle of spread, demand
has come in = TBC for bulls/bears resolution
Daily: Down bar closed above 50% of bar spread and slightly lower than
previous bar, good effort from buyers. Let's see if there is any follow
through next week.
H4: Test into Upthrust bar A. Bar 2 UHV down bar has a narrower
spread, this shows there's some buying. Last bar is high volume bar
closing off high = weakness. It shows bulls/bears may be wrestling
for control.
Remember to like and follow if you find this useful.
Short on Test and Reject | Long on Test and Accept
Have a profitable week ahead.
US30USD YM1! Dow 2021 Nov 22 Week
US30USD YM1! Dow 2021 Nov 22 Week
H4 chart shows market tracked the downtrend channel and met with
temporary support at 35550, a demand line of a larger uptrend channel.
1) If 35550 is broken and resisted, it may try 35250 // 35000
2) If market pushes downward of 35550 and returns to close above it,
there'll be long opportunity as the larger uptrend resumes.
Weekly: Average volume Average volume down bar = Weakness.
Daily = High volume down bar into previous resistance = weakness
H4 = Narrowing of spread bars and closing off low. There's buying into
the down move as market test a previous breakout area = Strength
will be confirmed if 35500 is supported.
Strategy for Long (Test and Accept)
Strategy for Short (Test and Reject)
Entry based on price reaction to the levels on YM1!:
37524 37100
36784 36446
36238 35988
35550 34948
34121 33718
33383 32906
Remember to like and follow if you find this useful.
Have a profitable trading week ahead. YM1!
US30USD YM1! Dow 2021 Nov 15 WeekYM1!
US30USD YM1! Dow 2021 Nov 15 Week
Demand at 35777-35880 returned to support the market on Friday.
However a downtrend channel has formed. acceptance at 36135 will mean
resumption of uptrend.
Weekly: Average volume very wide spread down bar closing off low
= some demand present.
Daily = Average volume up bar closing off high = Weakness.
However behavior appears like a bullish reversal.
H4: Ultra High volume wide spread up bar
closing off high, followed by an up bar closing off high. Weakness expected.
Strategy for Long (Test and Accept)
Entry based on price reaction to the levels on YM1!:
37200 36952
36762 36446
36375 36255
35880 36135
36076 25880
35777 35520
35500 35250
35151
Remember to like and follow if you find this useful.
Have a profitable trading week ahead.
Emini Dow Playing A Wave 4 CorrectionIn this update we review the current bullish sequence in the Dow and identify two high probability trade locations to play a wave 4 correction and then the wave 5 extension to the upside
US30USD YM1! Dow 2021 Nov 08 WeekYM1!
US30USD YM1! Dow 2021 Nov 08 Week
Long on pullback for last week was good.
No surprise that price returned to test 36066.
35777-35880 must hold for uptrend to be intact.
Weekly: Average volume up bar closing off low = weakness
Daily = Average volume up bar closing off high = Weakness
H4: Reversal pattern has formed. Wait for Monday's US hours to
determine if supply will overcome demand.
Strategy for Short (Test and Reject)
Strategy for Long (Test and Accept)
Entry based on price reaction to the levels on YM1!:
37200 36952
36611 36376
36073 35880
35777 35489
35383 35155
Remember to like and follow if you find this useful.
Have a profitable trading week ahead.
US30USD YM1! Dow 2021 Nov 01 WeekYM1!
US30USD YM1! Dow 2021 Nov 01 Week
Previous high test and reject and Test and accept of 35365 were good.
Weakness expected, but no change in trend yet.
Strategy will be to Long on test of lower level
and short on rejection of higher prices
Weekly: Narrowing of spread even on higher volume = weakness
(no change in behavior yet)
Daily = Average volume up bar closing off high = Weakness
H4: Shortening of thrust.
Significant bearish volume observed since the ascend = Weakness
Strategy for Short (Test and Reject)
Strategy for Long (Test and Accept)
Entry based on price reaction to the levels on YM1!:
36000
35645 35541
35365 35155
34854 34489
34126 33610
Remember to like and follow if you find this useful.
Have a profitable trading week ahead.
US30USD YM1! Dow 2021 Oct 25 Week
US30USD YM1! Dow 2021 Oct 25 Week
Market approaching previous high
Some whipsaw expected. Preference is to long when
price come to test the lower levels.
Weekly: Price advanced on lower volume. Spread has narrowed = weakness
(no change in behavior yet)
H4: UHV Upthrust bar with strength in background.
If next bar closes higher, this then can be confirmed = weakness
Strategy for Short (Test and Reject)
Strategy for Long (Test and Accept)
Entry based on price reaction to the levels on YM1!:
36000
35645 35541
35365 35155
34854 34489
34126 33610
Remember to like and follow if you find this useful.
Have a profitable trading week ahead. YM1!
US30USD YM1! Dow 2021 Oct 18 WeekYM1!
US30USD YM1! Dow 2021 Oct 18 Week
Market approaching previous high
Some whipsaw expected. Preference is to long when
price come to test the lower levels.
Weekly: High volume up bar closing at high = Strength
Daily: High volume up bar closing on high = Strength
H3: Shortening of thrust in the last few bars.
Keep stops tight if long. Wait for price to
return to lower levels and long when price finds
acceptance.
Strategy for Short (Test and Reject)
Strategy for Long (Test and Accept)
Entry based on price reaction to the levels on YM1!:
36611 34489
36000 34126
35547 33908
35347 33610
35171 33383
35000 32858
Remember to like and follow if you find this useful.
Have a profitable trading week ahead.
US30USD YM1! Dow 2021 Oct 11 Week
YM1!
US30USD YM1! Dow 2021 Oct 11 Week
Market had been ranging for 3 weeks, still awaiting resolution of
supply and demand.
Weekly: High volume up bar closing off high = some supply present.
Daily: Friday saw low volume up bar closing off high = Weakness
H3: Some demand has returned to support the market from 06 Oct. YM1!
Friday's effort from sellers didn't yield much result = Some strength
Strategy for Short (Test and Reject)
Strategy for Long (Test and Accept)
Entry based on price reaction to the levels on YM1!:
32220 - 32250
33383 - 33478
33715 34126
34364 34854-34934
34554 34674
35250 35500 - 35550
Remember to like and follow if you find this useful.
Have a profitable trading week ahead.
