DJIA/YM1 1D Bear ABCDDJIA/YM1 1D timeframe has active bear ABCD harmonic pattern. may see a quick bounce to form hns, then sharp continuation lower.
YM1! trade ideas
MYM1! Bullish Price Action for 10/31
This week’s overall trend for CBOT_MINI:MYM1! appears bearish, but during the NY session, we’re seeing strong bullish moves, often exceeding 200+ ticks. Given this pattern and the respected supply zone, I anticipate similar price action tomorrow (10/31).
I plan to enter at the 8:30 CST open, aiming for a 250-tick gain, and then sell as price reaches the supply area for a target of 280 ticks.
This is my first posted idea, so let’s hope it plays out as expected. Let’s collect those ticks!
MYM Short 10/30/2024MYM is in a downtrend. Placed a short position in SZ above MA. It is the weakest equity. Risk= $250. Target= 1:1 and 3:1.
10/31/2024. YM daily chartYM Daily crossed sell signal today. Market could test sell point: 42269 intraday. Initial target is 41,629.
10/31/2024. YM 1hr chart10/31/2024. YM 1hr chart. Next leg down target: 41904
Buy side needs to get YM above 42,359.
YM Bullish steup 1h TimeframeIf 42246 as the daily low holds, bullish scenario of YM can be like this.
Re Entry Into FOMC High Support Trade 7 to 1 350 ticksThis post will be an update to my prior post regarding bullish price action back up to take out pivot highs.
Monday and Tuesday has been using the FOMC High price, notated in green line as a solid support level. The last twenty minutes of the day saw a spike off of it into the close.
Using Monday as the opening range and Tuesday as the initial balance, I projected a range expansion of the high to low and see that the 0.50 times range expansion lines up perfectly with a prior pivot swing. This will be my new target for 350 ticks.
I am already Long at 42,500 even, set with a limit order on the close of that fat bullish 15-minute bar.
So far, price has failed to break the low of Sunday's fat bullish bar as I was expecting. I said that I don't believe price will break that low and so far it is holding up.
After the 0.50 range expansion, the next price level of resistance is the FOMC high/low 1x range expansion at 42,978. One could have a target just before there but I am cutting mine at the 0.50 at 42,850.
The market is forming a bottom using FOMC High price as the support level. The November 7th FOMC release is just around the corner. I am wondering how price will create new support and resistance levels based on that 8 Hour candle. So far all of September and October has been following the September FOMC release.
YM futures trade idea We going long at $42,634 we have a few targets 2 contracts we have stop of 20 points ……
We going short at $42,563 we have a 20 point stop …..
YM Short trade 10/27/2024YM is in a downtrend in daily and 4hr chart. So, macro match. It is the weakest market among all the equities. Taking a short position in confluence supply zone (top HV supply zone that coincides with the 4hr 21 EMA). We have another HV SZ that coincides with 4hr 200 EMA (bottom zone). Risk= $250. Target= 1.1 from entry.
Dow Jones Futures Bullish Move Into Resistance 450 Ticks 10 to 1I will be looking for a Long entry with a limit order at the price of 42,420 which is the High price of the September FOMC. I will use a 50 tick stop and target the resistance level of 42,975.
I believe this week will be bullish as the down move from earlier was counter trend. I closed my short position on Friday with the expectation that price will bounce off of September's FOMC High.
Sunday, price opened up with a fat bullish bar and gapped up 0.30% right out of the gate. This tells me that they are going for shorts back up to grab stops and retrace.
The space between resistance is a huge clue for me that this is where they are targeting. The 42,975 price was used as support multiple times but not as resistance.
The three pushes into the September's FOMC High indicates the down move may be the end and the move opposite is in way. Since the high was made during the September FOMC release, it has not been used as a solid support level. It was only used as a mean reversion level that price has been mean reverting around.
Weekly Forex Forecast Oct 28th: S&P500, NASDAQ, & DOW This is the Weekly Forex Forecast for Oct 28 - Nov 1st.
The S&P500 and NASDAQ are neutral at the moment, but the trend is bullish. Patience will pay off if we wait for confirmations to bullish orderflow.
The DOW is looking weaker than the other two. It is clear the short term profit targets are to the sell side liquidity.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Update to September FOMC Support and Resistance Price LevelsUsing the high to low prices of the September FOMC, and the range expansion tool to project measured moves, prices have been forming support and resistance levels based on the ONE 8 Hour candle of when that FOMC release was at 2pm on September 18th.
High: 42,415
Low: 41,855
33%: 42,230
50%: 42,135
The range expansions are of 0.5 increments.
I have been using this information to make all of my trading decisions based on where is support and resistance.
Have you ever wondered why price forms support and resistance? Well this is why. It revolves around FOMC.
Dow Jones Futures End Of Day Sell Trigger EntryA counter trend sell setup has just triggered for me and I entered in 15 minutes before Friday's close and got filled at 43,544. If you want to take this same setup, you can enter in on Sunday's open at whatever price you may get filled at.
The reasoning behind this trade?
Daily Timeframe Entry
1. A breakout of the 42,000 support area marked as Structural Support
2. A move higher, pause, move higher, another pause and a 1,2,3 with Friday being a small doji. This will signify a move that is coming.
3. The target is the move back into support as price is extended away at the moment.
Tuesday, October 8th's low is suspended above the structural support zone and ripe for its low to be taken.
My stop is 200 ticks at 43,744
My target is the support zone of about 1350 ticks or 42,050-42,100 area for a 7 to 1 trade.
Price may well go back to 41,300 area as I think it might but I will cut the trade at 42,050 area and see what happens next. A 7 to 1 is still phenomenal in my eyes.
Summary:
I am already filled prior to market close on Friday, 10/18 at 43,544
My stop is 200 ticks at 43,744
My target right now is sitting at 42,078
This is an End of Day setup and I expect it to take anywhere from a couple of days to a couple of weeks.
YM Short trade 10/24/2024YM is in a downtrend in 4hr chart and the weakest market among all equities. Price is testing 4hr 200EMA. Placed a short position in SZ above MA. Risk= $250. Target= 1:1.1.
Dow Jones (YMZ2024) - S&P 500 & Nasdaq DivergenceWhen compared with ES and NQ, it is evident that there is a big divergence between the three and Dow Jones, with 5 consecutive bearish days has made it clear that it is frontrunning the trio with bearish sentiment.
Challenging find a high probability draw on liquidity but i like the looks of the volume imbalances created this week being filled next week.
YM 15 min bearish divergence - Sell market15 min bearish divergence
Sell market at 42720
SL above the highs
TP based on risk taken
1:1 RR Trade
Average Range Levels + OHLC Statistical Mapping Short SetupMy bias for today was bearish.
My Bearish Model:
Entry: -Manipulation
Stop-Loss: 1/3ADR+
Take-Profit: -Distribution
If you have any questions and eventually wanna learn more about the tool and have chance to receive a discount code. Shoot me a dm.
S&P500, NASDAQ, & DOW JONES Weekly Outlook Oct 21The 3 Indices are in position to move higher. I am looking for buys setups, as my bias is bullish. My first targets are the PWHs, and potentially ATHs.
I've included some notes on how I project bullish targets above ATH's. Tell me what you think of it in the comments section.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Dow Jones (YMZ2024) - Is This A Healthy Bullish Rally? Friday printed the highs @ $53,581 with signs of continuation the upside possible due to it being the election year.
Dow is being used a barometer against ES and NQ so I will be evaluating the trio to see which one will be the frontrunner.
WEEKLY FOREX FORECAST OCT. 14-18th: BUY THE DOW? YES!The DOW looks to have supporting structure for higher prices. The bullish momentum is there, and Friday's close put that on display.
There is some potential for a limited pullback, though. But I would view it as an opportunity to get a better price on a possible long position.
What are your thoughts....?
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
YM1! evening updateAnalysis of YM1!.
This count sees price in wave ((5)) of (v), with wave (v) starting at October 2022 low.
From 5 August 2024 low, count in red is less bullish, count in green is more bullish.
If count in red is correct, then 5 must be shorter than 3 (as 3 was shorter than 1), and price will not go above resistance at 45062.
If count in green is correct, price would be in wave 3 of (3) of ((5)) and extend above 45062.
Regardless of whether green or red is correct, each ends primary wave (v), and if median line of pitchfork cannot be tagged, it suggests that price will revisit October 2022 lows.
As price gets closer to 45062, reward/risk for YM1! short off that resistance improves.
Dow Jones (YMZ2024) - $43,000; Where Do We Go From HereHealthy bullish movement to the upside.
Due to uncharted territories, i will be sitting on my hands and updating you guys if major movements occur.
Elliott Wave Suggests Dow Futures (YM) Will Break to New All-TimShort Term Elliott Wave View in Dow Futures (YM) suggests rally to 43005 ended wave 3. Pullback in wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 42245. Rally in wave ((b)) unfolded as expanded flat Elliott Wave structure. Up from wave ((a)), wave (a) ended at 42673 and dips in wave (b) ended at 42142. Wave (c) higher ended at 42663 which completed wave ((b)) in higher degree. The Index then extended lower in wave ((c)) towards 42093 which completed wave 4 in higher degree.
Index has turned higher in wave 5. However, it still needs to break above wave 3 peak at 43005 to rule out any double correction. Up from wave 4, wave (i) ended at 42427 and dips in wave (ii) ended at 42254. Wave (iii) higher ended at 42805 and pullback in wave (iv) ended at 42656. Expect wave (v) to end soon which should complete wave ((i)) in higher degree. Afterwards, it should pullback in wave ((ii)) to correct cycle from 10.8.2024 low before it extends higher. Near term, as far as pivot at 42092 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
