YM1! trade ideas
E-mini Dow Jones ($5) Futures - YM1!Weekly chart with ichimoku.
The LS has broken its trend line, confirmation of the uptrend.
RSI at 64.12%, MACD ok.
Next goal, the highest at 36826 points.
Make up your mind.
US30 prediction 11/28/23
This is going back down to a previous failed range and retesting it as support. I am Bullish BIAS. Going long for higher time frame targets
ICT breaker setup on YMYM took sellside liquidity below Asia Low. Bullish breakers on 5M and 15M. Target - resent swing high for 1:2,2 RR. In line with overall recent uptrend
Long Ym Looking for slight pull back with price action that supports bullish narrative, around 34,900
then buying on bullish engulfing candles. Looking for Down close candles being rejected to form bullish engulfing. I'm not a genie or oracle so it's difficult to predict if it takes out the highest before moving lower or vise versa . This is the Third and Final leg up before I believe a corrective pullback will take place. This leg up should Break through some previous months highs to get into some buying liquidity for the move lower. Looking for 400 or so points up to get us close to the 35,400 or 35,500 area. If you find this helpful please like and share. If you disagree feel free to share your insights. Thank you for your time and for viewing my ideals.
DOW JONES Gameplan: Buy at D for final leg up to 38000 for crashI believe we are at the C portion and will not get fooled by this short term rally. I am expecting another leg down to D to close out the remainder of the year and the first quarter of next year. I believe D area just slightly under the rising weekly 200sma will be PRIME buying for the, in my opinion, the final leg up in this bear flag channel to either 37000 or 38000.
I will be anticipating a 36% sell off that is in line with the 1968 style sell off. Everything on this current chart is copying the 1962-1971 price action.
DOW JONES 1967 at the C portion of the ABCD
I still stand behind my prior post on the SP500. My only concern is I don't know the top, or the date. I only am estimating the general price action that is likely to happen. I am preparing for the inevitable crash that is coming in the next year, late late 2024 to early 2025.
US 30 (YM/Dow) quick lookBased on recent price action that correlates between Day chart to 15min a bull run seems to be coming after consolidation, but may do a pull back to 33830 range.
Micro DOW Swing TradeThis trade triggered last night and has retested our original demand zone.
4 hour chart trend is up
1 hour trend is up but sideways.
15 minute retest of a demand zone.
Target is set at previous structure high.
Micro DOW shortThis is the retest of the opening range on the Micro DOW 15 min chart.
Why did we take this short?
1. Momentum is down on the 4hr
2. Momentum down on 1 hour
3. broke out to the downside on the opening range.
4. Price needs to recalculate below the 50 SMA of the TrendCloud.
#DowJones #US30 Weekly Wrap Up & Friday Levels In PlayIn this update we review the recent price action in the emini DowJones futures and identify Friday levels in play
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
Trade Reversals Successfully - Key Price Action to look forIn the video I talk through the two trades namely trading continuation with Trend and then trading Countertrend Reversals. Both have their own price action points but are very different.
I review a continuation trade and the setups I look for when trading from level to level...but the main focus on the video is trading Reversals which can be very rewarding but also very difficult.
I like to stick to a few key points when looking for reversals, and they are :-
- Trade off an extension into a key level
- Trade off a higher low (for buys) or lower high (for sells)
- M pattern for entry confirmation or a minor lower high
In the video I explain the reasoning and how risk is managed.
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** Comments and likes are greatly appreciated **
Dow Jones Formed A Leading Diagonal?Dow Jones Industrial sector is the strongest this week and we can see sharp and impulsive intraday stabilization that can cause a bigger recovery in upcoming weeks, but ideally only within a higher degree A-B-C corrective rally in wave B after we spotted a larger leading diagonal from the highs into wave A. So, we will still have to be aware of another sell-off on stocks, but maybe later, at the end of 2023 or beginning of 2024.
#DowJones #US30 Action Areas For The Trading 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
Opening Range Breakout on the DOW4 hour chart is in a downtrend
1 hour chart sideways / down
CCI is below -100
15 minute supply zone inside of the opening range.
Follow the TrendCloud process in the free trade plan.
Over $3000 in profits from the last 4 trades.
#DowJones #US30 Weekly Wrap Up & Friday Levels In PlayIn this update we review the recent price action in the emini DowJones and identify levels in play for Friday's session
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
Live Trades and Price Action setups explainedIn the video I review my trades on the DOW Jones Index for the session and talk through the setups, price action and reasoning for the trades. I also talk through the overall bias for the session and the missed opportunity from my sessions plan.
Feel free to join in our live trading room....link in the signature below.
** 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 **
#DowJones #US30 Action Areas For The Week AheadIn this update we review the recent price action in the emini DowJone futures and identify action areas for the week ahead
PAST PERFORMANCE NOT INDICATIVE OF A FUTURE RESULTS
Example of Winning Price Action from a Live Trading SessionPrepping a market and having a defined directional bias coming into a trading session, is the key for a winning day.
In the video I talk through a Live Trading session we had with our group and the reasons why we were bias short.
I talk through the areas our traders hit sell entries and Where and Why I was happy to enter the market short once my ideal Price Action setup gave me all the confirmation that I needed.
** 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 **
#DOWJONES #US30 Weekly Wrap Up & Friday Levels In PlayIn this update we review the recent price action in the emini DowJones futures and identify the next high probability trading opportunities and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
Dow daily = I see mini crash to 30000 areawe have sell pinbar on row daily chart
2 scenario possible =70% mini crash in next 90 day or 30% break up trendline and start new up trend
advice don't pick buy before green line break
wish you stable profits
Analysis of the psychology and Price Action of a momentum moveIn this video I take a look at the psychology of a phase of Price Action that we traded in out Live Trading Room.
I review the key price action that I am looking for to get involved in the action for a new momentum push up/down. Our aim in trading is always to enter a trade in the 'unknown' as traders start to realise they are on the wrong side of the action...this gives us the biggest payouts.
Intraday Trading is a process of doing the analysis, reviews and having confidence in your read when LIVE trading.
** 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 **
