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YM1! trade ideas

Elliott Wave View: Dips in Dow Futures (YM) Might Find SupportDow Futures (YM) shows incomplete bearish sequence from 1.5.2022 high favoring further downside. The decline from 8.16.2022 high is in progress as a double three Elliott Wave structure. Down from 8.16.2022 high, wave A ended at 30975 and rally in wave B ended at 32789. Index extends lower again wave C towards 28635 which completed wave (W). Rally in wave (X) is currently in progress as a zigzag structure as the 60 minutes chart below shows. Up from wave (W), wave ((i)) ended at 28974 and dips in wave ((ii)) ended at 28772. Index extends higher in wave ((iii)) towards 30399, and pullback in wave ((iv)) ended at 29933. Final leg higher wave ((v)) ended at 30513 which completed wave A. Wave B pullback is in play to correct cycle from 10.3.2022 low before the rally resumes. As far as pivot at 28646 low stays intact, expect dips to find support in 3, 7, or 11 swing for 1 more push higher to end wave C of (X). Afterwards, Index should resume the decline lower in wave (Y). Potential target lower is 100% – 161.8% Fibonacci extension from 1.5.2022 high at 22560 – 27022.
CBOT_MINI:YM1!
by Elliottwave-Forecast
YM1! US30USD DOW 2022 OCT 03 US30USD YM1! DOW 2022 OCT 03 Dow Scenario2 breakdown yielded 700pts for last week. congrats to those who shorted. Possible scenarios: 1) Short on rejection of trendline // 29639 // 28886 2) Prepare to long if round bottom is observed and market retraces during an upward move and finds support. 3) Market rotates, then find trades at edge of rotation zone. (Yellow box) Price reaction levels Short on Test and Reject | Long on Test and Accept 32789 31793 31385 31042 30636 30202 29639 29315 Weekly: Higher vol & narrower spread down bar, close off low = minor demand (ave vol on bar itself) = demand coming in Daily: Ave vol down bar close off low = No Supply H4: Vol showed buying on the downtrend. Coupled with possible SPRING setup Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
A big down trend can accurehello i guess that YM can have a huge bearish move in these 3 months, why and when we should keep this hypothisis? - we are now into a black hole zone, if YM cannot break it up, we can hold our vision of free fall - If the midline is broken fiercly we will have a nice confrmation - the critical confirmation will take place if YM breaks down the green upchannel through its support my targets are fonded on fibonacchi tools good luck NB: remeber dear traders that i do not have a cristall ball predicting future but we try to be more efficient and more rational in trading so your feedbacks are really important to encourage us and push as to do our best, if you like my analysis.
CBOT_MINI:YM1!Short
by HASSOUNI-trading
Dow emini stops@20% bear mkt with mma50 & GANN line supportDow e-mini officially entered bear market territory breaking below 20% decline limit & the weekly wma200 line. It is the only major index that made a lower low & confirmed by the transports DJT. Dow, with a lot of defensive stocks, has been holding the strongest all this time & I think it will be the last to capitulate before the market bottoms. (After market takes out the weak hands & stop losses) However, it is still uptrend in the monthly chart with mma50 & my GANN line as support. It took only 7 weeks for it to drop 14% from the August top…exactly from 1 GANN line to the next one below. (Looks like a capitulation) The moves this week will determine if current support will hold as Dow consolidates before the 4Q2022 rally up to December. (This may technically still be a double bottom…only a little below the 0.386 Fib retracement zone from pandemic low to ATH) The monthly mma50 must hold to be bullish. Otherwise the next support will be the next GANN line below around the 27k to 28k zone…near the 0.50 Fib retracement zone. Not trading advice
CBOT_MINI:YM1!Long
by xtremerider8
1
US30USD YM1! DOW 2022 SEP 25 Week US30USD YM1! DOW 2022 SEP 25 Week Dow gave out presents last week with a good short opportunity. Broadening downward wedge = demand returning. Watch 29639 = CRITICAL SUPPORT. Possible scenarios: 1) Long if 29639 / lower trend line support holds 2) Short if price breaks down 29639 on high volume and returns to test on lower volume. 3) Short on rejection of upper trend line // 30636 4) Bullish break out of wedge: Long on test and accept of breakout Price reaction levels Short on Test and Reject | Long on Test and Accept 32789 31793 31385 31042 30636 30202 29639 29315 Weekly: Higher vol & narrower spread down bar, close off low = minor demand (ave vol on bar itself) = demand coming in Daily: Ave vol down bar close off low = No Supply H4: Vol showed buying on the downtrend. Coupled with possible SPRING setup Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
DOW fut in easy wayAs we are noticing talks about inflation, rise in dollar etsc. if we see Dow jones charts observations be like: from past many maonths is making a Lower highs lower lows BUT now the pattern's changing. Positives 1. 200 MA support : On the weekly charts, it has got support around 29400 levels of 200 MA. 2. RSI divergence : the biggest reflection we are seeing, we can see little bit of RSI now moving otherways as price is tranding towards. 3. if it jump from these lows, we may see LH - LL pattern being distorted ( its very early to say this, but major positive observation) 4. if these levels are breached 26100 is biggest support which definitely will not be affected. 5. looks much oversold negative 1. Lower lows 2. volume above average. 3. MACD crossover in negative direction. but as per my observation, if it sustain 29100 - 29200 levels, dow is ready to move in an upside direction. from now onwards can start investing, market shall reward handsomely. disclaimer: views are personal, please take your advisers advise before taking position.
CBOT_MINI:YM1!Long
by Jrkautilya9