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E-mini Dow Jones ($5) Futures

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YM1! trade ideas

US30USD YM1! DOW 2022 AUG 29 Week US30USD YM1! DOW 2022 AUG 29 Week Last week's 33205 rejection provided short opportunity. Possible scenarios: 1) Long at 31780 support 2) Short on rejection of 32546 / 31780 / retracement on low volume Price reaction levels Short on Test and Reject | Long on Test and Accept 34027 33326 32546 31780 31780 Weekly: Ave vol down bar close off low = Supply + some demand Daily: High vol down bar close toward low = Supply, + some demand coming in H4: Climatic + high vol down bar close at low, breaking down a previous support = bearish absorption Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 33435 Pivot: 32609 Support : 31851 Preferred Case: On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 32609 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 31851 where the pullback support, 61.8% fibonacci retracement and 127.2% fibonacci extension are. Alternative scenario: Alternatively, price could rise to 1st resistance at 33435 where the pullback resistance and 50% fibonacci retracement are. Fundamentals: Due to fears of aggressive interest rate hikes ahead of the central bank’s annual Jackson Hole economic symposium, we have a bearish view on the Dow Jones Index.
CBOT_MINI:YM1!
by Tickmill
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 33435 Pivot: 32609 Support : 31851 Preferred Case: On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 32609 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 31851 where the pullback support, 61.8% fibonacci retracement and 127.2% fibonacci extension are. Alternative scenario: Alternatively, price could rise to 1st resistance at 33435 where the pullback resistance and 50% fibonacci retracement are. Fundamentals: Due to fears of aggressive interest rate hikes ahead of the central bank’s annual Jackson Hole economic symposium, we have a bearish view on the Dow Jones Index.
CBOT_MINI:YM1!Short
by Genesiv
DOW JONES SCENARIOThis is quite a scary scenario, with all the talks of economic disaster, i personally just focus on technical analysis, and allow the charts to do the talking. We have a weekly wedge, that has just formed a doji and next weekly has started to move down, if this closes below 32750 we could see an evening star formation on the weekly timeframe. Overwatch has just pipped the upper boundary, Lower side of the wedge coinsides with a fibb retracement on the daily chart below. Lower tf analysis could catch some nice trades here i feel.
CBOT_MINI:YM1!Short
by TraderE9
Micro Dow Jones Futures (MYM1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 33432 Pivot: 32605 Support : 31852 Preferred Case: On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 32605 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 31852 where the pullback support, 61.8% fibonacci retracement and 127.2% fibonacci extension are. Alternative scenario: Alternatively, price could rise to 1st resistance at 33432 where the pullback resistance is. Fundamentals: Due to fears of aggressive interest rate hikes ahead of the central bank’s annual Jackson Hole economic symposium, we have a bearish view on the Dow Jones Index.
CBOT_MINI:MYM1!
by Tickmill
Micro Dow Jones Futures (MYM1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 33432 Pivot: 32605 Support : 31852 Preferred Case: On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 32605 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 31852 where the pullback support, 61.8% fibonacci retracement and 127.2% fibonacci extension are. Alternative scenario: Alternatively, price could rise to 1st resistance at 33432 where the pullback resistance is. Fundamentals: Due to fears of aggressive interest rate hikes ahead of the central bank’s annual Jackson Hole economic symposium, we have a bearish view on the Dow Jones Index.
CBOT_MINI:MYM1!Short
by Genesiv
E-mini Dow Jones Futures (YM1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 34247 Pivot: 33439 Support : 32608 Preferred Case: On the H4, with price moving above the ichimoku indicator and along the ascending trendline , we have a bullish bias that price will rise from pivot at 33439 where the 23.6% fibonacci retracement, 61.8% fibonacci projection and pullback support are to 1st resistance at 34247 where the swing high resistance, -27.2% fibonacci expansion and 127.2% fibonacci extension are. Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 32608 where the pullback support and 38.2% fibonacci retracement are. Fundamentals: Due to fears of aggressive interest rate hikes ahead of the central bank’s annual Jackson Hole economic symposium, we have a bearish view on the Dow Jones Index. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
CBOT_MINI:YM1!Long
by Genesiv
US30USD YM1! DOW 2022 AUG 22 Week US30USD YM1! DOW 2022 AUG 22 Week Last week supply returned for Scenario2 short opportunity. Possible scenarios: 1) Daily/Weekly analysis showed minor strength, let's see if demand is able to overcome supply for uptrend continuation. 2) Short on rejection of 34027 or market retraced on low volume. Price reaction levels Short on Test and Reject | Long on Test and Accept 34807 34027 33205 Weekly: Ave vol down bar close off low = minor strength Daily: Ave vol down bar close off low = minor strength H4: Very high volume up bar close off high followed by down bar = weakness Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
Micro Dow Jones Futures (MYM1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 35410 Pivot: 34016 Support : 33432 Preferred Case: On the H4, with price moving above the ichimoku indicator and along the ascending trendline , we have a bullish bias that price will rise to the pivot at 34016 where the pullback resistance is. Once there is upside confirmation that price has broken pivot structure, we would expect bullish momentum to carry price to 1st resistance at 35410 where the swing high resistance, 161.8% fibonacci extension and -61.8% fibonacci expansion are. Alternative scenario: Alternatively, price could drop to 1st support at 33432 where the pullback support, 23.6% fibonacci retracement and 61.8% fibonacci projection are. Fundamentals: Since investors have seen evidence that inflation has peaked, we have a bullish view on the dow jones index.
CBOT_MINI:MYM1!
by Tickmill
Micro Dow Jones Futures (MYM1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 35410 Pivot: 34016 Support : 33432 Preferred Case: On the H4, with price moving above the ichimoku indicator and along the ascending trendline , we have a bullish bias that price will rise to the pivot at 34016 where the pullback resistance is. Once there is upside confirmation that price has broken pivot structure, we would expect bullish momentum to carry price to 1st resistance at 35410 where the swing high resistance, 161.8% fibonacci extension and -61.8% fibonacci expansion are. Alternative scenario: Alternatively, price could drop to 1st support at 33432 where the pullback support, 23.6% fibonacci retracement and 61.8% fibonacci projection are. Fundamentals: Since investors have seen evidence that inflation has peaked, we have a bullish view on the dow jones index.
CBOT_MINI:MYM1!Long
by Genesiv
E-mini Dow Jones Futures (YM1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 35402 Pivot: 34029 Support : 33430 Preferred Case: On the H4, with price moving above the ichimoku indicator and along an ascending trendline, we have a bullish bias that price will rise from the pivot at 34029 where the pullback support is to the 1st resistance at 35402 in line with swing high resistance, -61.8% fibonacci expansion and 161.8% fibonacci extension . Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 33430 where the pullback support, 23.6% fibonacci retracement and 61.8% fibonacci projection are. Fundamentals: Since investors have seen evidence that inflation has peaked, we have a bullish view on the dow jones index.
CBOT_MINI:YM1!Long
by Genesiv
E-mini Dow Jones Futures (YM1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 35392 Pivot: 33445 Support : 32687 Preferred Case: On the H4, with price moving above the ichimoku indicator and along an ascending trendline, we have a bullish bias that price will rise from the pivot at 33445 where the pullback support is to the 1st resistance at 35392 in line with swing high resistance and 161.8% fibonacci extension . Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 32687 where the pullback support, 23.6% fibonacci retracement and 61.8% fibonacci projection are. Fundamentals: Since investors have seen evidence that inflation has peaked, we have a bullish view on the dow jones index.
CBOT_MINI:YM1!
by Tickmill
E-mini Dow Jones Futures (YM1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 35392 Pivot: 33445 Support : 32687 Preferred Case: On the H4, with price moving above the ichimoku indicator and along an ascending trendline, we have a bullish bias that price will rise from the pivot at 33445 where the pullback support is to the 1st resistance at 35392 in line with swing high resistance and 161.8% fibonacci extension. Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 32687 where the pullback support, 23.6% fibonacci retracement and 61.8% fibonacci projection are. Fundamentals: Since investors have seen evidence that inflation has peaked, we have a bullish view on the dow jones index.
CBOT_MINI:YM1!Long
by Genesiv
US30USD YM1! DOW 2022 AUG 15 Week US30USD YM1! DOW 2022 AUG 15 Week Last week market reached previous supply zone. Long on retracement continues still preferred Possible scenarios: 1) Continue of upward momentum for long on retracement 2) Short on rejection at channel supply Price reaction levels Short on Test and Reject | Long on Test and Accept 34807 34027 33205 Weekly: Ave vol up bar = minor strength Daily: Ave vol up bar = minor strength H4: Ave vol up bar = minor strength. Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677