E-mini DOW ($5) Futures LONGLooking for Bulls to re-claim their territory at 33655 will be holding this as a potential swing to 34225 for 560+pts this is a 10:1 Reward/Risk opportunity and as long as Fed Chair doesn't say something to screw up the markets we should remain bullish from here... Longby EconomicAlpha1
Dow Futures (YM) Pullback May Find SupportShort Term Elliott Wave in Dow Futures (YM) suggests the decline from 7.27.2023 high has ended with wave (W) at 33014. The Index is now correcting that cycle in wave (X) with internal subdivision as a double three Elliott Wave structure. Up from wave (W), wave (i) ended at 33410 and pullback in wave (ii) ended at 33032. Index then resumed higher again in wave (iii). Up from wave (ii), wave i ended at 33756 and wave ii dips ended at 33298. Index resumes higher again in wave iii towards 34092 and pullback in wave iv ended at 33799. Final leg higher wave v ended at 34153 which completed wave (iii). Pullback in wave (iv) ended at 33617. Index resumed higher in wave (v) as a diagonal. Up from wave (iv), wave i ended at 34123 and wave ii ended at 33707. Wave iii higher ended at 34254 and pullback in wave iv ended at 33966. Final leg wave v ended at 34305 which completed wave (v) of ((a)). Index is now doing a wave ((b)) pullback to correct the cycle from 10.4.2023 low in 3, 7, or 11 swing. Down from wave ((a)), wave (w) ended at 33738. Expect rally in wave (x) to fail in 3, 7, or 11 swing for another leg lower in wave (y) to complete wave ((b)). Near term, as far as pivot at 33014 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.by Elliottwave-Forecast1
How to find Key Price Action zones for Daytrading successPrepping a market for daytrading is an important part of my process and understanding and identifying the KEY LEVELS is the major part of that process. We have to build a Price Action picture of what may happen and what levels may be targeted so we will be ready for a trade. Understanding who (buyers or sellers) is getting caught off side and levels the market is targeting, will set us up for the higher probability trades. I discuss a few key concepts for Intraday trading and how I identify the important zones. I show some trade examples and high probability trade zones. ** If you like the content then take a look at the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated **Editors' picksEducation19:10by TradeTheStructure1616551
Head & Shoulders Bottom in Dow Jones Futures?Dow Jones index futures has completed head & shoulders bottom formation and is exhibiting a breakout from the resistance zone on the 4h time frame. If the breakout is successful, we can expect the price to hit the previous support/resistance zone of 34800.Longby vipulmehta8170
#DowJones #US30 Action Areas For The Week AheadIn this update we review the recent price action in the emini DowJones futures contract and identify action areas for the week ahead PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS01:52by Tickmill4
YM1! evening updateLooking for regular flat to be near complete, two more impulse waves down to get price below 32254 and complete expanded flat B wave. Count invalid if price breaks above 34382 and 34637.by discobiscuit0
ES1!/YM1! morning analysisComparing ES1! and YM1!, I'd like to see one more move down for each to complete their corrective structures. I would look to long once YM1! breaks below 32254. I would like to see ES1! get below 4173.by discobiscuit0
#DowJones #US30 Actions Areas For The Week AheadIn this update we review the recent price action in the emini DowJones futures contract and identify potential action areas for the week ahead PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS01:32by Tickmill3
Be ReadyWe cannot trust the last 2 green candles, strong resistance around 33820 area. This upside movementum is just a correction of the drop that we saw from 35560 area. Good chances that tomorrow it will open with gap down and continue to slide down. Of if it opens with a positive sentiments that it will again hit the road block at 33820 zone. For now the index is not in bulls territory dont be fooled by green days its just dead cat bounce. Next week more news is coming out from the fed so fasten your seat belts for some action. Hit like & follow guys ;) Shortby stalkstock2
YM1! evening updateI am looking for bottom of expanded flat (green ellipse) to complete below 32254 but above 29790. After bottom prints, I'm looking for an impulse C wave back towards ATH, to complete the zigzag from October 2022 low.by discobiscuit0
The Dow Jones is back on the uptrendAccording to the negative data that came for the dollar, it is likely that the Dow Jones will return to the upward trendby ehsan_13510
#DowJones #US30 NFP Levels In PlayIn this update we review the recent price action in the emini DowJones futures contract and identify the next high probability trading opportunities and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS01:13by Tickmill4
US30 Analysis Quick Trade Idea Im looking to catch the next wave of bearish movement, and i believe this will be an easy setup. I have a 4hr level at 34,545 - which is also a Daily level. And with NFP, and more Unemployment data releasing tomorrow I'm sure to expect things starting to reverse back to the downside again This is just my Personal Opinion, Trade Safely!Shortby GiftedInvestor2
SELL YM Good market for sell do it before rebound the TUNNEL is in progress Shortby philippebrou19870
let see the next barlets see the next bar yeah the next bar 15m chart 80 points for ym us 30 dow jones industrialShortby Mr_Odd_LotsUpdated 0
Supply zone short on YMZ2023We have a downtrend on the 4 hour chart. Downtrend on the 1 hour chart with CCI below -100 Supply zone located on the 15 minute chart. Drop Base Drop We should get a pullback to this zone which also has a .618 Fibonacci retracement level. We have another supply zone located above with a .786 and .886 Fibonacci retracement levels inside of the DBD. Shortby thechrisjuliano0
#DowJones #US30 Action Areas For The Week AheadIn this update we review the recent price action in the emini DowJones futures contract and identify action areas and price objectives for the trading week ahead PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS01:20by Tickmill3
#DowJones #US30 Trading The Corrective SequenceIn this update we review the recent price action in the emini DoJones futures contract and identify the next high probability trading opportunity and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS01:19by Tickmill5
Inverted Head and Shoulders PatternThe Dow can possibly create an Inverted Head & Shoulders which would take a shot at hitting the 34,500 area. Simple and Clean Analysis! Happy Trading ⚔️Longby ray3spinoza0
#DowJones #US30 Action Areas For The Week AheadIn this update we review the recent price action in the emini DowJones futures contract and identify potential action areas for the trading week ahead PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS01:40by Tickmill4
YM1! - Jumping off a cliff?The weekly support trend broke so a daily level or trend should catch it. all levels are marked and colored by timeframe and adjusted to the greediest holds in the ranges. by StudyGuideTA0
DOW JONES INDEX FUTURES : BreakoutThe CBOT EMINI DOW JONES INDEX is showing bearish structure. An extended downside move is expected to take place after the breakout.Shortby gentlemanlb1
#DowJones #US30 Targeting Pivotal SupportIn this update we review the recent price action in the emini DowJones contract and identify the next high probability trading opportunity and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS 01:18by Tickmill4