E-MINI DOW JONES ($5) FUTURESReversing the trend vigorously and we got an upward trend and the very strong resistance was penetrated.
DJIA1! trade ideas
DJI potential for rise! | 26th May 2022On the H4, with price expected to bounce off the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 32696 where the swing high resistance is from our 1st support at 31886 in line with the pullback support, 78.6% fibonacci retracement and 61.8%% fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support at 31491 where the horizontal swing low support is.
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DOW Short Wait for price to take out the short term low and then trade into the fair value gap (ICT)
I will personally trade this as a short term trade with SL above the high at 1% risk
Backtest show that trading prior day low setup workseven in a bear market on the 2 HOUR DOW chart a bar that was lower than prior days low and a higher that was higher than prior days low, provided nice upmoves
however this only works profitable on the DOW not nasdaq and you also have to take profits at prior highs :-)
DJI potential for a drop! | 23rd Mar 2022On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 31835 where the 23.6% Fibonacci retracement from our 1st support at 31167 in line with the horizontal overlap support and 50% fibonacci retracement . Alternatively, price may break 1st support structure and head for 2nd support where the horizontal pullback resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJI potential for a drop! | 23rd Mar 2022On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 31835 where the 23.6% Fibonacci retracement from our 1st support at 31167 in line with the horizontal overlap support and 50% fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support where the horizontal pullback resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
YM Weekly Outlook 5.23.22Percentage Outlook depending on news. We shall see if we start the week high on Monday and Tuesday then we will access.
YM - DOW INDU Buzz LightyearThe Transports do not look good.
Globally - the Baltic Dry Index appears
very poor.
Sentiment for Value?
____________________________________
Bear MArket rally hats are being put on.
"Technically" it looks good according to the
"Good" or "Positive" for a CT/RT.
Have at it, enjoy the fear of no further
consequences to come... at least short term...
We'll see.
I'm certain that's incorrect.
US30USD YM1! DOW 2022 MAY 23 Week
US30USD YM1! DOW 2022 MAY 23 Week
Last week scenario2 test and reject short was good.
Play scenarios mapped out:
1) Test and reject 32167 or supply line of channel for short
2) If market reaches 29523, wait for price reaction as
it was previous resistance turned support
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34945 34027 33066
32554 32492 32167
Weekly: Ave vol down bar close off low = minor strength
Daily: Ave vol up bar closing off high = minor strength
H4: High vol up bar closing at high = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
DOW daily : buy pinbar comes , dow reach red fibo 161% (seller target) in coming days ,looking for buy with SL in pinbar low with minimum tp= 32600 or 34000 , dont close it soon ok?
if pinbar low break it little can go downer , we must buy it nnear 29700 and hold it 10 day to high
goodluck
E-MINI DOW JONES ($5) FUTURESIn this case, we face very strong support and there is a high probability that he will break it hard and fall hard and we don't care about buying because he is still under the strong granny painted resistance.
YM1! - Weekly Market Update, 5/23/22Dow Futures offer us an opportunity to take a SHORT position.
I've indicated my area of entry, stop loss and target based on our settlement below support beyond 1% on a weekly basis.
There are ETF's and Options available to replicate this trade idea available to you to accommodate all styles of traders.
I've drawn channel structures of support and resistance for your review as well. The darker the color, the older the structure.
Wishing you a blessed and profitable week ahead!
Elliott Wave View: Dow Futures ($YM) Extending LowerShort Term View in Dow Futures suggest cycle from 5/5/2022 high is unfolding as a zigzag Elliott Wave structure. Down from 5/5, wave A ended at 31148 and wave B rally ended at 32695. Internal subdivision of wave B unfolded as a zigzag structure in lesser degree. Up from wave A, wave ((a)) ended at 32201, and pullback in wave ((b)) ended at 31778. Final leg higher wave ((c)) ended at 32695 which completed wave B. Index has turned lower in wave C. Potential target for wave C is 100% – 161.8% Fibonacci extension of wave A at 27950 – 29750 area.
Wave C subdivides as a 5 waves impulsive structure. Down from wave B, wave (i) ended at 32238 and rally in wave (ii) ended at 32651. Index then resumes lower and expected to complete wave (iii) soon. Then it should rally in wave (iv) and turn lower 1 more time to end wave (v) and complete wave ((i)). Afterwards, Index should rally in wave ((ii)) to correct cycle from 5/17/2022 high before the decline resumes. Near term, as far as 5/17/2022 pivot at 32695 remains intact, expect rally to fail in 3, 7, or 11 swing for further downside.
E-MINI DOW JONES ($5) FUTURESA very strong downward curve and still continues its strong rise to the lowest strong points and it is likely to see other points and support that God willing
Support and resistance on 30 min chart DOW A short target is likely to me below 31400, in the past the closing price of prior 30 min extreme bars acted as support or resistance
Dow Jones potential for a drop! | 18th May 2022On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from our 1st resistance at 32553 where the 50% Fibonacci retracement is to our 1st support at 31294 in line with the swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the 78.6% Fibonacci retracement .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
