MYM1! trade ideas
Be ReadyWe cannot trust the last 2 green candles, strong resistance around 33820 area. This upside movementum is just a correction of the drop that we saw from 35560 area. Good chances that tomorrow it will open with gap down and continue to slide down. Of if it opens with a positive sentiments that it will again hit the road block at 33820 zone. For now the index is not in bulls territory dont be fooled by green days its just dead cat bounce.
Next week more news is coming out from the fed so fasten your seat belts for some action.
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US30 Analysis Quick Trade Idea
Im looking to catch the next wave of bearish movement, and i believe this will be an easy setup.
I have a 4hr level at 34,545 - which is also a Daily level. And with NFP, and more Unemployment data releasing tomorrow I'm sure to expect things starting to reverse back to the downside again
This is just my Personal Opinion, Trade Safely!
Supply zone short on YMZ2023We have a downtrend on the 4 hour chart.
Downtrend on the 1 hour chart with CCI below -100
Supply zone located on the 15 minute chart. Drop Base Drop
We should get a pullback to this zone which also has a .618 Fibonacci retracement level.
We have another supply zone located above with a .786 and .886 Fibonacci retracement levels inside of the DBD.
Price Action and Trade Review for the DOW Jones IndexPrice action is key for understanding the major market bias and also for managing risk.
On top of that, understanding Price Action will give a better understanding of where other traders may be trapped and will help structure your trades.
In the video, I talk through the DOW Index and price action from the previous session. I look at where we were looking for trades and the price action that led to trapped traders getting squeezed out of the action.
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