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Ym

The Strat YM/DJI Broadening formations on Daily/HourlyStill learning the strat from Rob Smith- check it out on T3 for a new way to look at price action. Outside bars creating broadening triangles on the hourly and daily, as defined by the strat. Exhaustion at the top and back into the range. Below 25007 puts it into the daily outside bar range for journey down to below 24122. Timeframe continuity up on the Monthly and weekly, price dropping below 25142 and 24818 would put them into sync for move down. Can't help adding the pivots in! Monthly, weekly and daily pivot all aligned within a few points of each other at todays high 25400, the top of the broadening formation- what a coincidence.
CBOT_MINI:YM1!
by chrisatom
Dow Jones Elliott Wave View: Correction CompletedHello Traders, YM short-term Elliott wave view suggests that a bounce to 25845 high ended red wave “b”. Down from there, red wave “c” unfolded as ending diagonal structure i.e lesser degree cycles within black wave ((1)), ((3)) & ((5)) also unfolded in 3 swings structure. Where black wave ((1)) ended at 25220 low as zigzag structure. Up from there, a bounce to 25594 high ended black wave ((2)). Below from there, black wave ((3)) ended at 24515 low in another 3 swings. Above from there, a bounce to 25075 high ended black wave ((4)) bounce. Then finally a decline to 24089 low ended black wave ((5)), which also completed cycle red wave “c” & blue wave (IV) pullback. Up from there, the index made a strong bounce higher & broke the pivot from 25845 thus suggests that the next leg higher in blue wave (V) could have started. Near-term, while dips remain above 24089 low the index is expected to resume the upside. But a break above 26962 10/03/2018 peak remains to be seen for final conviction of this bullish view & to avoid double correction lower in bluee wave (IV) pullback. We don’t like selling it.
CBOT_MINI:YM1!
by Elliottwave-Forecast
1
YM Wednesday - Buyers are coming inPrice tried to trade lower to create a new structure low and to retest the support levels at ~24209 and futher down at ~23980. While waiting for yesterday's sell, I was expecting a rotation and a short-entry between the 50% and 61.8% Fib Correction. After the sellers came in around there to correct weak, buyers dominated and traded price higher creating immediate new structure highs. Looking at the harmonics, price extended a 1 to 1 target in the immediate order flow and traded above areas of good selling structure. The sellers did not show up and look weak compared to the buyers momentum right now. Let's see if price breaks through the last high and resistance levels at ~25000. Still flat for now.
CBOT_MINI:YM1!
by Kls_Kln
YM Tuesday - Still looking for ShortsAfter an extended 1 to 1 completion (yesterday's short) we reached strong areas of support (blue lines - my weekly analysis) where the buyers need to show up. Since the last high that price made is not being taken out, I am still looking for shorts. Price is correcting right now. Unsure about the correction this time, but I am expecting it to happen between the 50 and 61.8 Fib Correction, also in line with price structure. Just look at structure to the left where the sellers have their territory to come in. Check my higher time frame analysis as well. *DISCLAIMER: Futures , stocks and options trading involves substantial risk of loss and is not suitable for every investor. None of the content published on this account constitutes a recommendation for investing your money. Trading is at your own risk.
CBOT_MINI:YM1!
by Kls_Kln
YM More Immediate Orderflow AnalysisPrice is selling off nicely. New structure lows were created with nice ratios and harmonics in play. The last low was created with less momentum and less projection since price is reaching strong support areas at blue line ~24209. Buyers slowly start to show up. Still bearish market and looking for shorts. Check my longer term analysis as well: *DISCLAIMER: Futures , stocks and options trading involves substantial risk of loss and is not suitable for every investor. None of the content published on this account constitutes a recommendation for investing your money. Trading is at your own risk.
CBOT_MINI:YM1!
by Kls_Kln
YM Weekly (Technical) Analysis YM still bearish - The buyers came in good at ~25200. The sellers still dominated though and traded below those levels. Expecting price to create new structure lows and retesting support levels at ~24200 and ~23980 - (blue lines). Nice harmonics in play, also in the immediate order flow. Check my analysis for the more immediate order flow. **DISCLAIMER: Futures , stocks and options trading involves substantial risk of loss and is not suitable for every investor. None of the content published on this account constitutes a recommendation for investing your money. Trading is at your own risk.
CBOT_MINI:YM1!
by Kls_Kln
YM Long AnalysisAfter this huge move to the upside, I am expecting price to correct into the drawn orange rectangle-area at ~25160. Looking for longs there. Target at 25460-25480 at a one to one/127 Fib extension. Stop below the last low at ~25009, safe below 25000. *DISCLAIMER: Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. None of the content published on this account constitutes a recommendation for investing your money. Trading is at your own risk.
CBOT_MINI:YM1!Long
by Kls_Kln
Why an early fail can actually HELP a breakoutThis is a great example for traders of all timeframes to study. I don't really have time for people basing trades on wide zones - that's fine for analysis, but for a TRADE, you've got to see the fight at a specific level. When you draw these correctly, you can get a really great picture of evolving sentiment and balance of power shifts. Most traders treat breakouts way too lazily. You don't just enter at a new High/Low. You NEED buildup. Any naked attack from distance is likely to fail. But what if it only pauses, instead of crashing? Do you redraw the level? Do you avoid the trade completely? What works for me: Talk out the developing scenario. A fail failed? Ooh, interesting. Maybe there's more power on the original side than expected. Once the breakout's happened, how is the other side thinking? I was biased long, getting everything I wanted to see....but what would the Bears want to see? Probably a close back under the grey/yellow boxes, right? But wait, now that we created another temporary level during the failed probe, there's another level price needs to break through before even attempting the yellow level and then grey boxes! --> this makes for a likely bounce point, and creates several chances for late entries. Best of all, it means a breakout entry at the original level will be protected by that bounce and your trade stays green.
CBOT_MINI:YM1!Education
by structuredtrader
Dow Futures Elliott Wave View: Pullback Should Find SupportHello Traders, Short-term Elliott Wave view on YM_F (Dow Futures ) suggests that the pullback to 24956 low ended red wave 4. Up from there, Index is rallying within red wave 5 to end a 5 waves up from 4/2/2018 low. Black wave ((i)) of 5 is currently in progress with internal subdivision as an impulse structure, This suggests lesser degree cycles in the direction of trend should unfold in 5 waves structure, i.e blue wave (i), ( iii) & (v). On the other hand, the sub-division of lesser degree cycles against the trend should unfold in 3 waves corrective sequence, i.e. blue wave (ii) & (iv). Up from 24956, blue wave (i) ended at 25326, blue wave (ii) ended at 25243, blue wave (iii) ended at 25657, blue wave (iv) ended at 25506, and blue wave (v) remains in progress but it is in the area where it can end soon. Consequently, the move higher should complete black wave ((i)). The Index should then pullback in black wave ((ii)) to correct cycle from 8/15/2018 low before the rally resumes. We don’t like selling the proposed pullback and expect dips to find support in 3, 7, or 11 swing as far as pivot at 24956 low stays intact.
CBOT_MINI:YM1!Long
by Elliottwave-Forecast
Dow Futures Elliott Wave View: Reacting Higher From Blue BoxHello Traders, Dow Futures short-term Elliott wave view suggests that the rally from 6/28/2018 low cycle to 25572 high on 7/27/2018 peak ended red wave 1. The internals of that rally higher took place as an impulse structure with sub-division of 5 waves structure in each leg higher. Down from there, the index corrected the 6/28/2018 cycle in 3 swings pullback & ended red wave 2 at 25086 low. The internals of that pullback unfolded as Elliott wave Zigzag correction with the sub-division of 5-3-5 structure in black wave ((a)), ((b)), ((c)). Down from 7/27 peak, the decline to 25264 low ended black wave ((a)) in 5 waves structure. From there, the rally to 25486 high ended black wave ((b)) and the subsequent move lower to 25086 low ended black wave ((c)) of 2 in 5 waves structure. Red wave 2 ended within the 25174 – 25100 area, which is 100%-123.6% Fibonacci extension of ((a))-((b)), as indicated by the blue box. Up from 25086, the index is reacting higher in 3 swings so far and longs from blue box area should be risk-free (stop loss at break even) already. The right side tag, combined with the blue box, help to identify the right trading strategy. Near-term, as far as dips remain above 25086 low, the right side of the market remains to the upside. Expect the Index to resume the next extension higher in red wave 3. We don’t like selling it.
CBOT_MINI:YM1!Long
by Elliottwave-Forecast
DOW / DIA / YM - Bullish pinbar setting up for a blastoffA bullish pinbar formed yesterday in the daily candlestick chart. This pinbar occurred from a small pullback, off of near term support. Bullish pinbars are patterns that show a false break lower, where there are now traders to went short as it dropped, but when price got pulled back up those traders are now trapped in losing positions. This signals a market that wants to go higher, and potentially a large amount of shorts that will really start becoming squeezed if price marches higher. Short traders that begin escaping losing positions are what fuels the aggressive move higher. Regardless of the quality of this setup and it's higher than 50/50 probability of success, traders should still exercise normal risk management. That means to risk a reasonable amount that will not cause major damage to your account balance if it does not work out. Remember, trading is a marathon not a sprint, so trade accordingly.
CBOT_MINI:YM1!Long
by krugman87
2
E-mini Dow Futures | TriangleMarkets have been pushing to new highs despite ongoing trade issues and technology firm earnings concerns. In a strong bull market, all boats float with the tide. Stocks and bonds will move up in anticipation of a positive outlook. A healthy market also has meaningful corrections based on business cycles and fed policy decisions. Given the long run in equities, it makes sense to start to look for technical signals and possible exhaustion points for the major indexes.
CBOT_MINI:YM1!
by hustontrading
2