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YM1! trade ideas

Bearish Fractal: Dow Jones vs BitcoinThroughout the world, we see patterns arising. To some, they may seem like nonsense, but to others, there are certain formations that at times can be warnings of what's to come, as seen in this comparison. Bitcoin and the Dow are starting to match up in wave formation patterns, with Bitcoin being the leading indicator for future moves in the Dow. While this all may seem like pseudoscience, in actuality, what we are seeing is the movement of large players, shuffling billions around via dark markets and hedge funds. If this pattern continues, we should be seeing a major drop in the indices in July. TVC:DJI CBOT_MINI:YM1! BITSTAMP:BTCUSD
CBOT_MINI:YM1!Short
by journeyman1
Dow Jones: Breather 😮‍💨Dow Jones is taking a breather near the resistance at 34 363 points, showing (again) a distinct response to this mark. Soon, though, the index should resume the ascent to develop the top of wave (i) in blue, which should then initiate a prominent downward movement. However, there is a 30% chance that Dow Jones could drop below the support at 32 246 points, plunging into the orange zone between 31 675 and 29 939 points to already expand wave alt.(ii) in blue. From this low, the index would then start a fresh upward movement.
CBOT_MINI:YM1!
by MarketIntel
DJIA Is Bullish, Bouncing Away From The 61.8% Fib Stocks are bullish for the last few weeks, and some of indexes are finally breaking higher on speculation that FED is going to pause the hiking cycle. US CPI print also came out lower than expected, 4% down from 4.7% so there is even greate chance that FED will be on hold soon. When that’s the case stocks can move higher much easily, but still keep in mind that for higher stocks dovish times are the ideal, but hold is not dovish, and we forget this too many times. Anyway, looking at the DJIA, the trend is in a recovery mode and looks like more gains can be underway after first correction down to 61.8% Fibs back in March followed by five waves rise and then another perfect minor A-B-C drop again into 61.8% Fib. This is definitely the Fibs that needs a lot of attention and so far we can see a nice turn higher with price threatening 34276 level. Ideally a daily and weekly closes above that figure opens room for 35631.
OSE:DJIA1!
by ew-forecast
YM1! US30USD DOW 2023 June 12 WeekYM1! US30USD DOW 2023 June 12 Week No change to previous analysis, observing reaction to 34605-34275 area. Last Friday's up bar showed significant weakness. Possible scenario: Short if 34605-34275 is rejected again Reason: Higher low toward previous resistance, on reducing volume. The professionals may engineer a false break to suck in traders unaware of the weakness. We shall wait to short on rejection of recent high. Price Reaction Levels: Short on Test and Reject | Long on Test and Accept 35750 34605-34275 32692 31657 Price Volume Analysis: Weekly: Ave vol up bar = NTC Daily: Ultra low vol up bar close off high = significant weakness Like and follow if you find this useful. Have a profitable trading week. *For education purpose only.
CBOT_MINI:YM1!
by paradox677
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
YM1! US30USD DOW 2023 June 05 WeekYM1! US30USD DOW 2023 June 05 Week Welcome myself back from holiday! Some selling into higher prices, so will watch reaction to 24605-34275 area. Possible scenario: 1) Short if 34605-34275 is rejected again 2) Higher low toward previous resistance, for long on retracement. Retracement down bars need to be on lower volume for this to happen. Price Reaction Levels: Short on Test and Reject | Long on Test and Accept 35750 34605-34275 32695 31657 Price Volume Analysis: Weekly: Lower vol wide spread up bar = possible weakness Daily: Higher vol wide spread up bar = possible weakness Like and follow if you find this useful. Have a profitable trading week. *For education purpose only.
CBOT_MINI:YM1!
by paradox677