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!_trading
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.
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.
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)
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
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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RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results,tight stop loss.
US30USD YM1! DOW 2022 JAN 17
US30USD YM1! DOW 2022 JAN 17
Last week's scenario 1 and 2 trades were good.
Preference is to long on pullback.
Considering Weekly and H4 weakness, preference to short on
retracement.
Possible scenarios play out provided.
Short on Test and Reject | Long on Test and Accept
37760 36960
36806 36390
36120 35882
35521 35164
34894 34547
33927 33383
Weekly: Average volume down bar closing off low = some
strength
Daily: High volume down bar closing in middle = some strength
H4: UHV down bar followed by up bar = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30USD YM1! DOW 2022 JAN 10
US30USD YM1! DOW 2022 JAN 10
Last week's trapping longs and rejection of 36572-36416 provided
good short opportunity.
Considering Weekly and H4 weakness, preference to short on
retracement.
Possible scenarios play out provided.
Short on Test and Reject | Long on Test and Accept
37760 36960
36806 36418
36120 35882
35549 35164
34894 34547
33927 33383
Weekly: High volume down bar closing near low = weakness
Daily: A lower volume narrow spread bar closing off low = No supply
H4: Bar 1 & 2 effort no result = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
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 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.
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 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 Sep 27 WeekYM1!
US30USD YM1! Dow 2021 Sep 27 Week
Eventful week last week as we saw the highest sell volume appeared ever since the up trend.
If you are long, tighten your stops.
High demand volume reaction up was impressive.
Could be covering of loss positions, profit taking and initiating of fresh positions.
Weekly: Ultra wide spread high volume bar closing near high.
Daily: Narrowing of spread on the up bar and last bar closed level with the previous bar = weakness
H4: Shortening of thrust on the up move, and market temporary resisted at 34749.
Strategy for Short (Test and Reject)
Strategy for Long (Test and Accept)
Entry based on price reaction to the levels on YM1!:
34495
34754
34997
32220 - 32250
35500 - 35550
Remember to like and follow if you find this useful.
Have a profitable trading week ahead.