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E-mini Dow Jones ($5) Futures

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YM1! trade ideas

Dow Futures (YM) Rallying Higher as ImpulseShort Term Elliott Wave in Dow Futures (YM) suggests rally from 3.15.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.15.2023 low, wave 1 ended at 34363 and pullback in wave 2 ended at 32619. The Index has turned higher in wave 3 with internal subdivision as another 5 waves in lesser degree. Up from wave 2, wave (i) ended at 3330 and dips in wave (ii) ended at 32737. Up from wave (ii), wave i ended at 33212 and pullback in wave ii ended at 33060. Wave iii ended at 33863, wave iv ended at 33797, and wave v ended at 33894 which completed wave (iii). Pullback in wave (iv) ended at 33448 as a zigzag structure. Down from wave (iii), wave a ended at 33665, wave b ended at 33780 and wave c lower ended at 33448. This completed wave (iv). Wave (v) of ((i)) is currently in progress. Up from wave (iv), wave i ended at 33745 and pullback in wave ii ended at 33635. Expect the Index to extend higher a few more highs to end wave v of (v) of ((i)). Then it should pullback in wave ((ii)) to correct cycle from 5.25.2023 low in 3, 7, or 11 swing before the rally resumes. Near term, as far as pivot at 32616 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside.
CBOT_MINI:YM1!
by Elliottwave-Forecast
YM1! US30USD DOW 2023 June 05 WeekYM1! US30USD DOW 2023 June 05 Week Welcome myself back from holiday! Some selling into higher prices, so will watch reaction to 24605-34275 area. Possible scenario: 1) Short if 34605-34275 is rejected again 2) Higher low toward previous resistance, for long on retracement. Retracement down bars need to be on lower volume for this to happen. Price Reaction Levels: Short on Test and Reject | Long on Test and Accept 35750 34605-34275 32695 31657 Price Volume Analysis: Weekly: Lower vol wide spread up bar = possible weakness Daily: Higher vol wide spread up bar = possible weakness Like and follow if you find this useful. Have a profitable trading week. *For education purpose only.
CBOT_MINI:YM1!
by paradox677
YM1! US30USD DOW 2023 15 May WeekCBOT_MINI:YM1! Last week's test and reject 33670 short yielded 270pts. Market approaching intermediate axis 32994. Possible scenario: 1) 32994 is supported and market returns into 33850-32994 range 2) 32994 becomes resisted and market head toward 31657/30513 Price Reaction Levels: Short on Test and Reject | Long on Test and Accept 33632 34275-34605 33850 32994-33195 31657 Price Volume Analysis: Daily & Weekly: Possible No Supply down bar close off low = strength Like and follow if you find this useful. Have a profitable trading week. *For education purpose only.
CBOT_MINI:YM1!
by paradox677
YM1! US30USD DOW 2023 MAY 08 WEEKCBOT_MINI:YM1! Test and reject of 34275 for first week of May: Entry: 34105 | Risk 100pts (reduced size) | Exit 33674 | Profit 430pts Now that YM has exited rotation, and tested boundary, we may see the likelihood of a rejection trade from 33670. Set your alarm there. Possible scenarios: 1) Test and reject of 33670 = short Volume Analysis: Daily: High volume breakdown from rotation, followed by lower vol up bar close off high = confirmation of supply overcoming demand H4: Lower vol up bar close off high = weakness Price reaction levels Short on Test and Reject | Long on Test and Accept 35228 34605 34275 33670 32681 31657 Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
YM1! US30USD DOW 2023 APR 24 WEEKYM1! US30USD DOW 2023 APR 24 WEEK Discretionary trade at the 34275 rejection yielded 350pts. With price failing to reach previous supply level 34605, could market be indicating that demand at higher levels have been exhausted? If so, we may be looking at further distribution (i.e. selling) Possible scenarios: 1) With weakness observed, wait to short at rejection at 34605 // 34275 2) Possibility of rotation between 33670 - 34275 = trade at boundary of range Volume Analysis: Daily: Possibility of buying climax. Price reaction levels Short on Test and Reject | Long on Test and Accept 35228 34605 34275 33670 32681 31657 Remember to like and follow if you find this useful. Have a profitable week ahead. CBOT_MINI:YM1!
CBOT_MINI:YM1!
by paradox677
Dow Jones: Spring Fever 🥱Has Dow Jones caught spring fever? At the moment, the index seems to lack the necessary drive to continue expanding wave (i) in blue. However, we expect Dow Jones to pull itself together soon and to summon up enough momentum to make it above the resistance at 35 521 points. The index should not surmount the higher mark at 36 446, though, but finish the current movement and turn downwards again. There is also still a 35% chance that Dow Jones could slip below the support at 28 635 points, heading for a new low in the form of wave iv in magenta.
CBOT_MINI:YM1!
by MarketIntel