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.
Ym
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
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!
SPY Daily Modeling turns BEARISH (RISK-OFF). PAY ATTENTIONMy advanced modeling and TV scripts recently turned BEARISH on the Daily SPY.
This means the markets have moved into a RISK-OFF mode - likely preparing for additional downside trending.
While the Weekly modeling continues to stay BULLISH, I'm writing this update to warn my followers that both the Rotational Modeling and the TT-3MACD strategies have turned BEARISH on the SPY.
My US real Estate Modeling shows an incredible bout of price weakness, seller desperation, and broad SHOCK taking place for US Real Estate.
This combined Real Estate and US stock market shock could lead to an incredible downside price trend if a credit/banking collapse unfolds (much like 2008-09).
You have been warned.
Follow my research. Move a good chunk of your capital away from risks. This is now a much more violent market event that could unfold in the near future.
The Fed MUST address the extended price collapse that is currently gripping the US/Global markets.
Things could turn UGLY very quickly if finance/banking/credit seizes up.
Follow my research.
MENT SPY DayTrader Page Update (2-22-23)I've been working on the TT-3MACD PineScript update for about 4+ days.
It seems every time I make a breakthrough, there is more to attempt to build into it.
PineScipt seems pretty cool so far. Documentation is great - but it is a process of learning how the engine processes things.
My goal is to build a TEACHABLE solution for my followers - allowing them to make their own decisions based on my research and other strategies.
Ideally - it is about teaching others when and how to trust their own intuitions.
This video update shows you the FOUR components of my strategy so far:
- The TT-3MACD Strategy (including entries/targets/reversals) - Running on a Heiken-Ashi chart
- The Standard Candlestick chart - running the Linear Regression tool
- The 3D Wave indicator
- The Donchian Ribbon Indicator.
Using these in combination with Fibonacci price theory (Higher Highs/Lows in an UPTREND - Lower Highs/Lows in a DOWNTREND) - should be just about everything any SPY Daytrader could want to learn to get started.
It really is THIS SIMPLE.
The only other thing you need to learn is position sizing techniques. In other words, when to be more aggressive and when to be patient (trading smaller position sizes).
Follow my research and let's see if we can get all of my followers into a better place to start profiting from SPY price swings.
I will post another update/video when I publish the MENT TT-3MACD strategy for all to use.
The opposite Side Of A Wave-5 Rally - Plan BI received a question from someone watching my videos/research. The question was, "what is the downside risk for the markets if my bullish resolution fails".
So, I created this video.
This explains why the downside risks appear to be less than 35% right now compared to a 65% to 75% upside price resolution.
Still, using Elliot Wave, we can't be 100% confident in the true future of price structure or wave structure. All we can rely upon is Fibonacci Price Theory which tells us if price is currently Bullish or Bearish.
Right now, on this weekly chart, Fibonacci Price Theory suggests a bullish price trend is in place and recent Unique Low levels are the final defense of support (near $348).
Follow along to better understand how I see/use Fibonacci Price Theory in all of my research as a method of letting price tell me what to expect in the future.
The one other thing I would like to add is all previous market collapse events have aligned with cataclysmic economic events (9/11, Global Banking Crisis, Foreign Economic Crisis, Isolated Credit Risks).
Without some cataclysmic economic event happening, it is very unlikely that US markets would contract extensively without some impulse event. So keep that in mind as we move forward.
Follow my research.
SPY Cycle Patterns: Resolving volatility into March 2023This example video will help you understand how I use my predictive SPY Cycle Patterns in combination with traditional TA (Fibonacci and others) to prepare/plan for GAPS, trends, and opportunities for trading through the week.
I'm a strong believer that you don't need to trade every minor trend. Taking 2~4 good trades a week across one or two symbols is all that is required to be able to generate 50% to 100% profit every week (using options).
Just last week one of my friends used my SPY Cycle Patterns (and his own skills) to make over 700% ROI. It does happen.
Watch this video. Next week will be very volatile in my opinion. Once we clear the upper resistance level, we should continue to trend up to $435 or higher.
The burst of volatility will likely make for great trade setups - if you know what you are doing.
Follow my research.
SPY Example Setup For DaytradersHere is an example dual-chart setup for SPY daytraders.
I set this up to help my followers understand how to perceive price action as we attempt to transition through the $405 SPY Support level.
If my analysis is correct, we'll see a fairly strong reversion (upside) price trend as long as the $404~405 level holds.
This chart includes a number of TradingView PUBLIC SCRIPTS and a dual-chart layout.
Both Heiken-Ashi and traditional Candlestick charts are used.
Learn to better TIME/ENTER your trades and learn to use price structure/Fibonacci retracements to develop target levels.
Follow my research.
2/16 SPY Cycle Patterns, Fib, Flagging - Volatility into a RALLYAre you following my SPY Cycle Patterns yet?
If not, here is a list of the SPY Cycle Patterns for this week and beyond...
2/6/2023
2/7/2023 Inside-Breakaway
2/8/2023 Harami-Inside
2/9/2023 CRUSH
2/10/2023 GAP Potential
2/11/2023 GAP Potential
2/12/2023 GAP-Reversal
2/13/2023 Rotation
2/14/2023 Top/Resistance21
2/15/2023 Consol-210
2/16/2023 Inside-Breakaway
2/17/2023 Break-Away
2/18/2023 Carryover
2/19/2023 CRUSH
2/20/2023 Flat-Down
2/21/2023 POP
2/22/2023
2/23/2023 BaseRally301
2/24/2023 Harami-Inside
2/25/2023 CRUSH
2/26/2023 Bottom-004
Why are these so important? Because these SPY Cycle patterns help you understand how to trade intraday price swings and what to expect every day - going out weeks and months in advance of today's trading activity.
See the "BaseRally301" on 2/23 - that means the SPY should attempt to setup a base/bottom within the 48 hours spanning 2/23.
See the 2/25 CRUSH leading to the 2/26 BOTTOM - that means the SPY may be extremely volatile while attempting to setup/confirm the 2/23 bottom
Today and tomorrow are calling for an Inside-Breakaway & a Breakaway. My research suggests we may see a broader downside price trend establishing a Wave-D Flagging setup (near $405) in the SPY before we move into the Rally/Bottom phase near 2/23.
Watch my video and learn how you can use my research to become a better intraday/swing trader.
Stay cautious of a PEAK/TOP in the markets today.My SPY Cycle Patterns suggest the markets will establish a PEAK/TOP today - then trend downward.
I created this video to help my followers stay aware of the short-term nature of price in a reactionary price trend - like today.
If you are chasing this rally, stay very cautious of risks related to my SPY cycle patterns. Overall, I expect the markets to peak, stall, then trend downward over the next 48 hours.
Take quick trades with targeted profit targets. This is not a friendly market uptrend in my opinion.
I believe the $408 level is a likely downside price target for the SPY by Thursday.
Follow my research
Using Fibonacci Price Theory To PROTECT Your TradesProtecting Your Trades With Fibonacci Price Theory.
Learn to understand the BELTLINE range (50%) and why it is so important for structuring your trades for profit.
Not all trades will be successful - plan for FAILURE.
Planning for FAILURE = Long-Term SUCCESS.
Follow my research.
The rabbit-hole of knowledge I've amassed over the past 25+ years is deep. I could go on and on about different strategies, theories, concepts, and indicators.
What I've learned is...
KISS - Keep It Simple Stupid!
_ The IDIOT SYSTEM is often the best for new traders.
_ Use Multi-timeframes to confirm price trend/direction.
_ Use PRICE STRUCTURE as the core of all of your research.
Hope these help everyone out.
Pay Attention.
Part 2 - Fibonacci Price Theory on SPY 60 Min (Deeper we go)After 25+ years of research, study, and application of some of the most incredible trading strategies - I'm sharing one of the MOST IMPORTANT structural price theories with all of you...
The Fibonacci Price Theory.
The primary rule of the Fibonacci Price Theory is:
Price is ALWAYS seeking NEW HIGHS or NEW LOWS. Price is never NOT attempting to reach NEW HIGHS or NEW LOWS.
Let that sink in for a minute.
If you knew price was always attempting to establish a trend, or continue a trend.. how would that change your trading/investing tactics?
What if I showed you how I use Fibonacci Price Theory? And how YOU can use it to further your own trading skills?
Here you go, A 60 minute SPY chart where I'm applying the basics of Fibonacci Price Theory to the current market price rally.
If you've ever wanted to learn the TRUE CONSTRUCT of price - this is it.
All other technical analysis techniques (Elliot Wave, Indicators, & others) are constructed from PRICE.
Price is the Ultimate Indicator.
Pay attention and follow my research.
Learning Fibonacci Price Theory - MUST WATCHEven though I got cut off after about 25 minutes, I'm sharing this with all of you to teach you how to use one fo the most important PRICE STRUCTURE features for any chart
Fibonacci Price Theory.
The consensus of all TA is that PRICE tells us everything.
Fibonacci Price Theory is the REAL DEAL.
Use it on a 1 minute, 5 minute, 60 minute, or Daily - ANY TIME-FRAME
Use it in conjunction with other TA/Indicators.
Use it with Elliot Wave analysis.
USE IT.
My experience is that all indicators/theories/strategies have strengths/weaknesses. If you are not aware of them (yet) - pay attention.
Follow my research and I'll continue to try to share tidbits of advanced TA/Fibonacci with you.
I created this to help my followers/friends learn one of the most critical price structure components of my own research. I see all price charts in the manner I've illustrated in this video.
After more than 15 years of applied Fibonacci Price Theory/Structure - I can't help but NOT see price as "Fibonacci Fractals".
Hope this helps.
SPY Measure Move (Pause) Video Update - Rally To $421 PendingHere is a video update for my followers. This video is in support of the recent SPY updates I've shared over the past few days.
Follow my research. Learn how my analysis skills can help you prepare for the biggest price swings.
These are not the same markets as 2008 & 2000.
Learn to adapt to price trends and become a better trader.
I'm trying to teach you to use the techniques I've learned over the past 25+ years to hone your own decision-making skills.
Pay attention.
SPY Update (60 Min) - Rally Day Pause ExpectedEven though my SPY Cycle Patterns suggest today is a RALLY day, I see the SPY has extended to an upper resistance channel (near $414.80) and may pause/slide sideways/downward a bit today.
I do expect support near $412.30 to act as a floor for any contraction. I would expect the SPY to hold above $412.30 and attempt to rally higher IF this price level is tagged today.
Overall, if we see a rally above $415 today - the SPY will likely extend the rally phase. Possibly target $421 to $427.
The Fed unleashed a wave of RALLY (Risk-On) for many investors.
My advice - play this move safely right now. Although it looks very promising, I still believe 2023 will stay very congested until Q3:2023. Then, we may see a moderate MELT-UP extend to new all-time highs again.
Follow my research.
If SPY Breaks Above $410 - we could see $420+ very quicklyBreaking above the $410 resistance level could be a very big sign that bullish price trending is building momentum.
Ultimately, I don't believe the SPY has enough momentum to get above $440~450 in 2023 - but I could be wrong.
I do believe we will move into a bout of sideways congestion after Q1:2023 - and slide into a period of complacency.
Near the start of Q3:2023, I believe we will see the bullish price trend resume - likely starting a push towards new all-time-highs again.
We are certainly living in interesting times.
If you are not following my research - please take a minute to review my posts/comments.
Here we go.
DOW 1 HOUR : UPPER TARGET IS 35300 AND DOWN TARGET IS 31111we have 3 angeel on dow and look like want go to fibo161%(nasdaq too,,have buy ) dont pick sell more ,,,for sell we need dow break RED TREND LINE
buystop on high + buy above green arrow near EMA200 1hour is best action for now
if you have old sells, 100% put hedge buystop on last high and never never close it (main trend is up) , break 3angel will flyup dow ,,,,, then in next low close your sells frist,then in high close hedge buy
ALERT = INDEX LIKE NASDAQ,DOW,DAX ARE VERY COMPLEX,HARD NEED MINIMUM 5 YEAR PRACTICE ON DEMO ,if you dont have 5 year practice dont trade it in real money
good luck
SPY COVID Correlation - 119pt BOTTOMI just noticed this (should have seen it earlier).
In the midst of a GLOBAL ECONOMIC COLLAPSE, the SPY fell a little over 119 points before bottoming. My interpretation of this move is that traders/investors suddenly realized the US/Global markets would continue to function - even in the midst of a global lockdown.
Now, fast-forward to 2022.
Hey, guess what. The range from the peak in early 2022 to the bottom in October 2022 was just a little over 119 pts.
Correlation or coincidence?
Can we try to equate this -119pt contraction to a global crisis event (like COVID) - where the entire globe moved into LOCKDOWN?... Um. NO.
Are we seeing global financial conditions tighten as central banks raise rates? You bet.
If this the end of the move? I'm not sure, but it would appear to be lacking any global crisis event - we could have already seen the low/bottom in October 2022.
I have a funny feeling the -119 price contraction will come into play in the near future.
Are you following my research yet?
SPY New High - likely headed higher.Are you following my research yet?
Check out my SPY Cycle Patterns and decide for yourself if my predictions are accurate:
SPY Cycle Patterns for this week:
1/15/2023 GAP Potential
1/16/2023 GAP-Reversal
1/17/2023 Breakdown201
1/18/2023 POP
1/19/2023
1/20/2023 BaseRally301
1/21/2023 Break-Away
1/22/2023 Rally-111
1/23/2023 Carryover
1/24/2023 Inside-Breakaway
1/25/2023 Harami-Inside
1/26/2023 CRUSH
1/27/2023 Rev-Rally
Now, using traditional Fibonacci price modeling, we can see the recent support level held and a New High was reached.
This indicates the SPY will likely attempt a bit of consolidation/rotation over the next 4+ days, but will likely rally even higher in early Feb.
Follow my research. It's simple and easy to follow.