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YM1! trade ideas

YM1! US30USD DOW 2023 Mar 20 YM1! US30USD DOW 2023 Mar 20 During the week, the formation of A-A1 rotation offered rotational play opportunity. Demand has built up, with weekly bar showing loss of selling momentum. But it takes time for the vessel to turn, so wait for support to manifest before going long Possible scenarios: 1) Rotational play between 31750 - 32600 (approx 850pts range) 2) Continuation long = long on retracement, to test 33590 3) Short if 31747 was broken through and becomes resistance Volume Analysis: Weekly: Higher vol, narrower spread down bar close off low = reduced downward momentum Daily: Ave vol down bar close toward off (non-trend changing) Price reaction levels Short on Test and Reject | Long on Test and Accept 34689 32789 31747 31097 30513 Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
Dow Jones Forecast: Waiting to edge lower amid mire of uncertain Dow Jones dropped as risk-off took the driver’s seat ahead of FOMC meeting. From a technical perspective, Dow Jones is brewing a Bat Pattern on the weekly chart. In a shorter term, Dow is struggling to resume uptrend, what key levels to watch? The recent bank sector woes triggered wild swings in the markets this week. The failure of three American banks and the crisis in Credit Suisse reignited the concerns over banking sectors even the broader financial system. As the authorities quickly stepped in, the markets did calm for a while. The Dow Jones, S&P 500 and Nasdaq rallied on Thursday. Earlier this week, the Federal Reserve and Swiss National Bank announced to provide liquidities to relevant institutions to avoid an overwhelmed catastrophe, and a group of large U.S banks was reported to rescue troubled First Republic Bank by providing $30 billion lifeline. However, the market has still been left in huge uncertainty so far as investors are trying to figure out if the latest developments would change the rate hike paths of central banks. With the Federal Reserve interest rate awaiting, many analysts are now expecting a 25 bps rate hike next week. As a result, heading into the weekend, risk aversion regained control across the markets. At the time of writing, US equity indices retreated significantly from yesterday’s gains as Dow Jones led the way lower. DOW JONES WEEKLY CHART Technically, Dow Jones has decisively broken below the neckline of the Double Top Pattern on weekly chart, which usually hints further downside moves ahead. As shown above, the blue chip index may be establishing a huge Bat Pattern, with the ideal D point at 29,962, which is confluent with the 38.2% Fibonacci retreatment of 2020-2022 move, just below the 30,000 handle. As such, the longer term outlook for Dow Jones bias to bearish. The path of least resistance of price may be lower. DOW JONES DAILY CHART Zooming in on the daily chart, however, Dow Jones remains in the defined range in recent days, with 32,734 (50% Fibonacci retreatment) and 31,766(38.2% Fibonacci retreatment) as the resistance and support respectively. The prices have bounced off the lower band for the third time, suggesting the strength of support there. The RSI indicator turned lower below the neutral level, which can sometimes precede bearish momentum. The immediate resistance looks to the upper band 32,734, a break from upside may open the door to the prior highs of 33,000 and 33.590. On the flip side, the initial support looks to the lower band 31,766. A break below would guide the price back to the broader downtrend.
CBOT_MINI:YM1!Short
by liuhanzhang75
YM1! US30USD DOW 2023 Mar 13 YM1! US30USD DOW 2023 Mar 13 Short on reject of 32789 offered very good returns for those who were able to trade during the US afternoon hours. Ease of movement to the downside observed. Possible scenarios: 1) Short on test and reject of 32789, possible target 31100 Volume Analysis: Weekly: Ave vol down bar close toward low (non-trend changing) Daily: Low vol E=R down bar (non-trend changing) Price reaction levels Short on Test and Reject | Long on Test and Accept 34689 32789 30513 28635 Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
Five Waves Elliott Wave Structure in Dow Futures (YM)Cycle from 12.13.2022 high in Dow Futures (YM) shows a 5 swing sequence favoring follow up to the downside. Structure of the move lower from 12.13.2022 high is unfolding as a 5 waves diagonal Elliott Wave structure. Down from 12.13.2022 high, wave 1 ended at 32686 and rally in wave 2 ended at 34551. Dow Futures extends lower in wave 3 towards 32527 and wave 4 rally ended at 33590. Internal subdivision of wave 4 unfolded as an expanded flat. Up from wave 3, wave ((a)) ended at 33211 and wave ((b)) pullback ended at 32527. Index then resumes higher in wave ((c)) with internal subdivision as 5 waves. Up from wave ((b)), wave (i) ended at 32785 and pullback in wave (ii) ended at 32580. Index then resumes higher in wave (iii) towards 33470, and pullback in wave (iv) ended at 33359. Final leg wave (v) ended at 33587 which completed wave ((c)) of 4 in higher degree. The Index has turned lower in wave 5 with internal subdivision as an impulse. Down from wave 4, wave ((i)) ended at 32626 and wave ((ii)) rally ended at 33002. Wave ((iii)) lower ended at 32190 and wave ((iv)) rally ended at 32534. Near term, as far as pivot at 33587 stays intact, expect rally to fail in 3, 7, 11 swing for further downside.
CBOT_MINI:YM1!
by Elliottwave-Forecast
1
3rd Dimension Analysis. One dimension analysis or the depth analysis can be studying into the financial data of a the company. . Two dimension analysis is when the investor or trader studying into the chart - Price & Time. . Third dimension analysis is where we combine one and two dimension analysis. Third Dimension Analysis = TA + Depth Micro E-Mini Dow Jones Contract value, $0.50 x DJIA Index Micro E-Mini S&P Contract value, $5 x S&P 500 Index Micro E-Mini Nasdaq Contract value, $2 x Nasdaq-100 Index Micro E-Mini Russell Contract value, $5 x Russell 2000 Index Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CBOT_MINI:MYM1!Short
by konhow
Dow Jones: Periscope 👀Like a periscope, Dow Jones is craning its neck upwards, watching waves v in orange and (i) in blue unfolding before its eyes. To finish the current movement, the index should climb above the resistance at 35 521 points but ideally stop just short of the next mark at 36 446 points. Wave (ii) in blue should then lead Dow Jones decidedly back below 35 521 points. A 35% chance remains, though, for the index to turn downwards and to drop below the support at 28 635 points. In that case, Dow Jones would develop a new low in the form of wave alt.iv in magenta first before heading upwards again.
CBOT_MINI:YM1!
by MarketIntel
dowjones 4 hour say = above low,looking for buy when you see pinbar on 15-60-2240-1440min chart ,pick buy and put SL in pinbar low,uunderstand? hold your buys minimum to fibo 50% (dont close soon) if you have old buy ,dont fear ,dow will back to high ,but put hedge sellstop in low ok? (if it open,never close it in low ,even in 10.000$ profit(ca go downer and margincall you ),wait dow goes down and back ,up trend apear,then close sell,then on high close buys) alert= dow will go to 35800 ,be carefull from sell 100% put sl good luck
CBOT_MINI:YM1!Long
by ramin_trader2006
The Three ICT Trades on YM on the 28th Feb 2023 [PART 1]CBOT_MINI:YM1! In this video I explain exactly how you would trade one of the three trades that you could have traded today on YM using ICT concepts taught in his Mentorship 2022 and Mentorship 2033. I am by no means an expert or even a long term profitable trader. I am quite a bit of a gambler but I am working and studying ICT full time. It works and it helped me pass challenges, etc, etc. I am not here to try to convince you, but to share my analysis and also improve my own understanding of it. THIS IS PART 1. THE LONDON LONG. THERE IS ALSO A NY OPEN SHORT and NY REVERSAL TRADES!
CBOT_MINI:YM1!
by UnknownUnicorn35666118
The Dow - Despite All Your Rage, You Still Just a Bear in a CageThe prevailing narrative in these markets is still that you're in a bear market. Some stocks are in a bear market, specifically the tech junk that retail likes to lose money on, but the indexes are not in a bear market and have not been in a bear market. But it's not that the fundamentals behind the world economy are not bearish. Trouble is brewing, and the trouble is big. Yet, something should trigger your nose when fundamental danger like we have at present has emerged and yet the markets a) don't dump and b) stay high for a long time. Contrary to how things usually are, the Dow is by far the most bullish of the three indexes. I'm calling for a new all time high on the Dow on the next bull impulse. And while you may, perhaps justifiably, guffaw at these moonboy-sounding words, just take a look for yourself: Monthly From a monthly view, based on the February high, the Dow is less than 7 percent away from its bull market highs and a run to 1/2 standard deviation higher is just 12 percent away. And February wasn't the highest month Dow posted since it bounced 23% in a straight line, crushing every other index by a mile during our "bear market." December was higher. Geopolitical Risks As I warn in every post, the situation in China is really a lot more dire than you're being told. The Chinese Communist Party would have the world believe that Wuhan Pneumonia all but totally went away after Xi Jinping finally dropped his "Zero COVID" LARP and stopped welding people in their apartment buildings and making people take daily nucleic acid swabs in the park if they want to have access to public transit go to work the next day under the Party's social credit system. But nothing could be further from the truth. Just go use a data aggregator like Our World in Data and compare cumulative case counts and death counts reported by China and any other major country in the world and ask yourself how the epicenter of the pandemic, the place where Patient Zero emerged, and the world's (formerly) largest country, could have an exponent less worth of COVID problems than even the countries who emulated the Communist Party's Zero COVID social credit system like Australia and New Zealand. My point with the above is to say that the CCP is weak and is about to fall. But at the same time there is a faction of globalists in this world who want to install a one world government. Think about it carefully, everyone: Can you have a "one world government" without the world's largest and most ancient country - China? Thus, if the one world government was to be installed while the CCP was still around, would it work? It would only work if they made the CCP the center of the New World Order. But why would they do that? Don't the globalists want to be the center of the NWO, the Kings of the World, the "New Gods"? Thus, it's a quandary. And so as the CCP falls, it's very likely that the globalist factions will move to install the NWO and every single thing in our life will change. What I want to point out to you all is this: What is the actual problem with Communism? Is it a bunch of glasses wearing atheists with beards running around doing the Marxist cuckold fist and carrying the Flag of Blood while screaming "Viva la Revolution"? The fundamental nature of communism and the ultimate goal of communism is to create a two class system. One class will be the Party, specifically its elites, who rule. They eat the beef and drive the V8 S550s and live in the mansions and have air conditioning and go to the lake and the mountains. The second class will be everyone else, which includes you, who will live in the pod, eat the bugs, live in the open air prison "15-minute cities," take the bus, ride the bike, rent the Nissan Leaf, and experience "beauty" and "nature" only on Zuckerberg's Metaverse. It's as simple as that. You decide what kind of future you want. If you want to live like a human being, then show you're still "humane" and get rid of the Party and all its Marxist Leninist garbage, cultivate virtue, and take care of your family and your country. The Call The weekly bars show you a lot: Namely, we've had three weeks of pinbars. Volatility has contracted and this pattern pretty much always predicates a big move. So, what direction is the big move coming? If the ATH is only 7% away, then it seems to me that's a pretty likely target. But after three weeks of ranging in a 1,000 point range and this being the 15th week of sideways since the huge move, how many institutions and funds have gone long with stops below the most recent pivot? A lot. If you were the market maker, wouldn't it make sense to liquidate them before running 12% higher and setting a new all time high? It would. It certainly would. And the price action is set up just like this. The December low is the most recent weekly pivot and is a meager 1,200 points (4%~) under where we are, during a short week, that ends the month of February. Moreover, there's a big liquidity gap between 30,000 and 32,000 that has never been touched since the post-October monster bounce. The bearish impulse is over, but you're about to get a bear trap. The people who keep listening to Discord signal groups and charlatan furus, the mainstream media, Zerohedge, FinTwitt, all think it's time for us to trade to zero because FEDERAL RESERVE RATE HIKES and, like... more or less just because the Federal Reserve isn't done hiking the rates yet. So, look to get long in the 30,000 range on the Dow, with a target over the ATH. 20% on the DIA ETF, which does not have Zero Day to Expiry options and whose options have lower implied volatility than SPY and QQQ, will serve you very well over the next two or three months. Most importantly, don't take my word for anything. Not the call, not China, not anything. What you need to do is just think about it. Calm down. Be cold. Be sober. And really, really think about what's going on in this world, and decide for yourself what to do. Until next time, stay safe. Earth and humans were not created to live as slaves to the Red Cult. They were created by the Divine, and it's as simple as that.
CBOT_MINI:MYM1!Long
by LordWrymouth
1
YM1! US30USD DOW 2023 FEB 27 YM1! US30USD DOW 2023 FEB 27 No trades for Dow last week. Possible scenarios: 1) Rotational play: Trades can be executed at boundary of rotation range 34605 / 32789 2) Supply takes control = short on test and reject of 32789 Volume Analysis: Weekly: Lower vol down bar close toward low = minor supply Daily: Ave vol down bar close toward low = minor supply H4: UHV vol up bar + level close up bar close toward low = supply > demand Price reaction levels Short on Test and Reject | Long on Test and Accept 35750 35228 34605 32789 30513 28635 Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677