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Ym_f

Elliott Wave Intraday Analysis: YM_F should Resume the RallyShort Term Elliott Wave View in E-Mini Dow Jones Futures (YM_F) suggests the trend should continue higher within the sequence started from April-2023 low as the part of daily sequence. It favors upside in wave ((5)) while dips remain above 38535 low. Since April-2024 high of (3), it starts to move sideways for almost 3 months to build a triangle structure. This triangle completed wave (4) at 39284 low. The market resumed the rally building an impulse as wave (5) ended at 41672 high and also wave ((3)) in higher degree. YM_F begins a big correction in July 18 high. Down from wave ((3)), the index did an impulse structure to complete a wave (A) at 40053 low. Then, the market did a bounce developing a double correction as wave (B). Up from wave (A), wave W ended at 41051 high. The connector (X) ended at 40606 low and last push higher completed wave (Y) at 41427 and also wave (B). The market resumed to the downside forming another impulse as wave (C) of ((4)). It placed 1 of (C) at 41028 low, 2 at 41305 high, 3 at 39518 low, 4 at 39880 high and finally 5 at 38541 to complete wave (C) and wave ((4)). While price action stays above 38541 low, we are calling for more upside to continue the rally as wave ((5)).
CBOT_MINI:YM1!
by Elliottwave-Forecast
Elliott Wave Analysis: Dow Futures (YM) Resumes Bullish TrendShort Term Elliott Wave View in E-Mini Dow Jones Futures (YM) suggests the trend should continue higher within the sequence started from April-2024 low as the part of daily sequence. It favors upside in wave 5 of (5) since 18-April, 2024 low, while dips remain above 40053 low. Since April-2024 low of (4), it placed 1 at 40213 high, 2 at 38111 low as dip pullback and 3 at 41672 high. It ended 4 as clear 3 swing zigzag pullback at 40053 low and favors upside in 5, which confirms above 41672 high to avoid any double correction, if breaks below 40053 low. Within 4 correction, it placed ((a)) at 40466 low, ((b)) at 40795 high and ((c)) at 40053 low, which missed the equal leg areas in 4 before resume higher. Above 4 low, it placed ((i)) of 5 at 41051 high and favors corrective pullback in ((ii)), which should remain above 40053 low to extend higher in ((iii)). Within ((i)), it placed (i) at 40685 high, (ii) at 40158 low, (iii) at 41029 high, (iv) at 40863 low and finally (v) at 41051 high as ((i)). It placed (a) of ((ii)) at 40606 low and favors bounce in (b) before turning lower in (c) to finish ((ii)). As long as it stays above 40053 low, it should resume higher in 5 and can extend towards 42052 – 42671 area to finish the impulse started from April-2024 low before correcting lower. Alternatively, if it breaks below 40053 low, it can do double correction towards 39432 or lower levels before it should turn higher.
CBOT_MINI:YM1!
by Elliottwave-Forecast
Dow Futures (YM) Rallying Higher as ImpulseShort Term Elliott Wave in Dow Futures (YM) suggests rally from 3.15.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.15.2023 low, wave 1 ended at 34363 and pullback in wave 2 ended at 32619. The Index has turned higher in wave 3 with internal subdivision as another 5 waves in lesser degree. Up from wave 2, wave (i) ended at 3330 and dips in wave (ii) ended at 32737. Up from wave (ii), wave i ended at 33212 and pullback in wave ii ended at 33060. Wave iii ended at 33863, wave iv ended at 33797, and wave v ended at 33894 which completed wave (iii). Pullback in wave (iv) ended at 33448 as a zigzag structure. Down from wave (iii), wave a ended at 33665, wave b ended at 33780 and wave c lower ended at 33448. This completed wave (iv). Wave (v) of ((i)) is currently in progress. Up from wave (iv), wave i ended at 33745 and pullback in wave ii ended at 33635. Expect the Index to extend higher a few more highs to end wave v of (v) of ((i)). Then it should pullback in wave ((ii)) to correct cycle from 5.25.2023 low in 3, 7, or 11 swing before the rally resumes. Near term, as far as pivot at 32616 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside.
CBOT_MINI:YM1!
by Elliottwave-Forecast
Dow Futures (YM): A Double Three Correction Is Taking PlaceShort-term Elliott wave view in Dow Futures ( YM) suggests that the decline from the August 16 high is unfolding as Elliott wave double three structure in a bigger wave ((4)) pullback. Down from there, the decline to $33628 low ended wave (W) in a lesser degree double three structure. Up from there, the wave (X) bounce unfolded as a zigzag structure where wave A ended at $34236 high. Wave B pullback ended at $33638 low and wave C ended in 5 waves structure at $34938 high thus completed wave (X) bounce. Below from there, the decline is unfolding as a lesser degree zigzag structure where wave ((a)) ended at $34121 low. Wave ((b)) ended in 3 swings at a $34554 high. While wave ((c)) is expected to end in between $33686- $33177 area lower. To complete the wave W lower & see a 3 wave recovery in wave X before further downside is seen. Near-term, as far as a pivot from $34938 high stays intact we expect short-term bounces to fail to look for a $32867- $31590 target area lower before the decline from peak gets mature & resume the larger trend.
CBOT_MINI:YM1!
by Elliottwave-Forecast
Elliott Wave View: Dow Futures (YM) Extends HigherRally from February 1, 2021 low in Dow Futures (YM) is unfolding as a 5 waves diagonal Elliott Wave structure. Up from February 1 low, wave 1 ended at 32033 and pullback in wave 2 ended at 30512. Index then resumed higher in wave 3 towards 33116 and wave 4 pullback ended at 31952. Internal of wave 4 unfolded as a double three Elliott Wave structure. Down from wave 3, wave ((w)) ended 32314, wave ((x)) ended at 32689, and wave ((y)) ended at 31952. Index has turned higher in wave 5 and broke above previous wave 3 peak at 33116, suggesting the next leg higher has started. Up from wave 4, wave (i) ended at 32768 and dips in wave (ii) ended at 32553. Index then resumed higher in wave (iii) towards 32984, and wave (iv) ended at 32746. Final leg higher wave (v) of ((i)) ended at 33134. Index is now correcting cycle from March 25 low in wave ((ii)) before the rally resumes. As far as wave 4 pivot low at 31952 stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
CBOT_MINI:YM1!
by Elliottwave-Forecast
1
Elliott Wave View: Dow Futures Attempting All-Time HighCycle from March 2020 low in Dow Futures (YM_F) still remains intact as a diagonal 5 waves. In the 60 minutes chart below, we can see wave ((3)) of the diagonal ended at 31188. Wave ((4)) pullback is proposed complete at 29550 as a double zigzag Elliott Wave structure. Down from wave ((3)) high, wave A ended at 30457, bounce in wave B ended at 31017, and wave C ended at 29950. This first zigzag structure completed wave (W). Index then rallied in wave (X) towards 30843 before turning lower again in wave (Y) towards 29550 as the second zigzag. Down from wave (X) high, wave A ended at 30104, wave B ended at 30443, and wave C completed at 29550. This completed wave (Y) of ((4)) in larger degree. Index has now started wave ((5)) higher. However, it still needs to break above wave ((3)) high at 31188 to rule out a double correction. Up from wave ((4)) low, wave ((i)) ended at 30164, and pullback in wave ((ii)) ended at 29907. Expect Index to see two more highs before ending wave 1 of ((5)). It should then pullback in wave 2 to correct the cycle from February 1 low before the rally resumes. As far as pivot at 29550 low stays intact, expect dips to find support in 3, 7, or 11 swing for more upside.
CBOT_MINI:YM1!
by Elliottwave-Forecast
Elliott Wave View: New Bullish Cycle on Dow Futures (YM)Short Term Elliott Wave View suggests the rally from December 21, 2020 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from December 21 low, wave (i) ended at 30198 and dips in wave (ii) ended at 29735. Index then resumed higher in wave (iii) towards 30502, wave (iv) ended at 30166, and wave (v) ended at 30691. This completed wave ((i)) in higher degree. Down from there, pullback in wave ((ii)) ended at 29765. Index then broke above wave ((i)) at 30691 and resumed higher in wave ((iii)). Up from wave ((ii)) low, wave i ended at 30438 and dips in wave ii ended at 30160. Index then resumed higher in wave iii to 30912 and wave iv pullback ended at 30608. Expect Index to end wave v of (i) soon. Afterwards, Index should pullback in wave (ii) to correct the cycle from January 5 low before the rally resumes. As far as wave ((ii)) pivot low at 29765 remains intact, expect pullback to find support in 3, 7, or 11 swing and Index to resume higher. We do not like selling the proposed pullback.
CBOT_MINI:YM1!
by Elliottwave-Forecast
2
Elliott Wave View: Pullback in Dow Futures (YM) Should See BuyerDow Futures (YM) has broken to new all-time high above its previous high on February 13, 2020 at 29543. This suggests the bulls remain in control and the next bullish cycle has started. The 60 minutes chart below shows that the Index ended wave ((4)) at 25946 and it has resumed higher in wave ((5)). Internal of wave ((5)) is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave ((4)) low at 25946, wave 1 ended at 28630 and wave 2 pullback ended at 28520. Index resumed higher in wave 3 towards 29806, and wave 4 pullback ended at 29583. Wave 5 then ended at 30000. This ended wave (1) in higher degree. Wave (2) pullback is now in progress to correct cycle from October 30 low as a zigzag. Down from wave (1) high at 30000, wave A ended at 28781, and wave B ended at 29570. Wave C lower is expected to end at 27606 – 28358 area where wave (2) should also complete. From there, the Index can resume to new high or bounce in 3 waves at least.
CBOT_MINI:YM1!
by Elliottwave-Forecast
3
Elliott Wave View: Dow Futures (YM) Correction Maybe CompleteElliott Wave View of Dow Futures (YM) suggests the Index ended the cycle from June 15 low as wave ((3)) at 29180 high. Afterwards, Index did a pullback in wave ((4)) to correct against that cycle. The correction unfolded as a double three Elliott Wave Structure. Down from wave ((3)) high, wave A ended at 28052 low. The bounce in wave B ended at 28592 high. Index then resumed lower and ended wave C at 27707 low. This completed wave (W) in higher degree. Afterwards, Index bounced higher in wave (X) to correct against the cycle from September 3 high. The subdivision of the bounce unfolded as zigzag correction, where wave A ended at 28331 high, wave B ended at 27886 low and wave C ended at 28404 high. After that, Index then resumed lower. Down from wave (X) high, wave A ended at 27473 low and wave B ended at 27821 high. Finally, wave C lower ended at 27179 low to end wave (Y) and also wave ((4)) in higher degree. While above 27179 low, dips in 3,7 or 11 swings is expected to continue to find support for more upside. However, Index still needs to break above September 3 high to confirm that next leg higher in wave ((5)) is already in progress.
CBOT_MINI:YM1!
by Elliottwave-Forecast
1
Elliott Wave View: Dow Futures Zigzag Correction In ProgressElliott Wave View in Dow Futures (YM_F) suggests the rally from July 30,2020 low has ended at 28069 high as wave 3. Up from July 30 low, wave ((i)) ended at 26457 high and wave ((ii)) dips ended at 25905 low. Index then extended higher in wave ((iii)) towards 27307 high. The internal subdivision of wave ((iii)) unfolded as 5 waves impulse Elliott Wave Structure. Wave (i) of ((iii)) ended at 26678 high and wave (ii) pullback ended at 26439 low. Rally higher in wave (iii) then ended at 27193 high, followed by wave (iv) pullback which ended at 26924 low. Wave (v) then extended higher and ended at 27307 high. Afterwards, the Index did a pullback in wave ((iv)), which ended at 27105 low. Finally, wave ((v)) higher ended at 28069 high. This final move completed wave 3 in higher degree and ended cycle from July 30 low. Index is currently correcting that cycle within wave 4. The correction is unfolding as a zigzag structure, where wave ((a)) is currently still in progress. This will be followed by a bounce in wave ((b)) and then another leg lower in wave ((c)). While pullback stays above 25878 low, expect the dips in 3,7 or 11 swings to find support for more upside.
CBOT_MINI:YM1!
by Elliottwave-Forecast
3
Elliott Wave View: Dow Futures (YM_F) Resumes HigherYM_F 45 minutes chart below shows that Index has ended the cycle from July 7 high as wave 2 at 25293 low. The pullback unfolded as a zig-zag Elliott Wave Structure. From July 7 high, wave ((a)) ended at 25661 low. Wave ((b)) bounce ended at 26029 high and wave ((c)) ended at 25293 low. Up from that wave 2 low, Index has resumed higher as a 5 waves Impulse Elliott Wave structure. Wave (i) ended at 25519 high and pullback in wave (ii) ended at 25362 low. Index then extended higher in wave (iii), which ended at 26215 high. Wave ((iv)) dips then ended at 26024 low. The index then pushed higher in wave (v) which ended at 26524 high. The rally ended larger degree wave ((i)) and also broke above previous wave 1 high. This confirms that the next leg higher is already in progress. Afterwards, the Index corrected that rally as another zig-zag correction in wave ((ii)) and ended at 25871 low. From there, Index continued to resume higher in wave (i) of ((iii)), with the internal subdivision unfolding as another 5 waves Impulse in lesser degree. Up wave ((ii)) low, wave i ended at 26310 high and wave ii dip ended at 26156 low. Wave iii then ended at 26817 high and wave iv pullback ended at 26720 low. The index can still make another high in wave v, which will end wave (i) in the larger degree. A 3 waves pullback in wave (ii) should happen before the Index resumes higher. As long as pullback stays above 25871 low, expect wave (ii) dips to find support in 3, 7, or 11 swing for more upside.
CBOT_MINI:YM1!
by Elliottwave-Forecast
Taylor Technique ... Raschke/Connors 80/20 ES_F YM_FA little something to put in your toolbag... The fade this morning falls in line with the Taylor Technique for swimg trade fades of previous days highs/lows when the previous day opens in its lower/higher 10% and closes in its higher/lower 90%. When this occurs the retest of the previous day hi/lo is likely and IF they fail to hold a fade is likely. Raschke & Connor modified it to 80 & 20% i believe to create more trading ops. Google it. I track these levels on a daily basis with a fib tool marked at 80/20 (yellow lines) Yesterday the ES & YM both opened in their respective lower 20% and closed in their respective 80% The RED line is the previous day high. Note the YM tested and faded while the ES was unable to retest setting up the bearish reversal resulting in an intial 250+ pt ym and 30+ pt es move. I trade the ym but watch the es for signals. These may have occurred on the nq & rty as well but I dont track them.
CBOT_MINI:YM1!Short
by L_Abondant
2