YM1! - Weekly Market Update, 6/13/22YM weekly analysis has been updated for your review, the market has broken down with confirmation however we're approaching very close support.
YM1! trade ideas
E-MINI DOW JONES ($5) FUTURESBreaking the very strong support area and having very strong sales opportunities and now we are likely to get purchasing opportunities to bounce back from the second support areas or the demand area
US30USD YM1! DOW 2022 JUNE 13 Week
US30USD YM1! DOW 2022 JUNE 13 Week
Last week we see a Scenario1 Rotation followed by Scenario3.
Market descended on strong volume, very nice short.
Possible scenarios considered are:
1) Market continue to be in rotation between 33205-32500
= Wait
2)32728 becomes support
3) 32728 becomes rejected and market return to test
30584-30926
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34807 34027 33531
33205 32563
31411 30926 30584
Weekly: Ave vol down bar close at low = Supply remains
Daily: Ave vol down bar closing toward low = Supply remains
H4: Ave vol down bar closing off low = some demand present
Remember to like and follow if you find this useful.
Have a profitable week ahead.
E-MINI DOW JONES ($5) FUTURESTeddy bear is very sharp and powerful and will often face the tilt of strong bounces and we cannot enter until it comes out of this strong area
Dow Jones Potential bullish rise | 9th June 2022On the H4, with RSI moving in an ascending trendline, we have a bullish bias that price will rise from our 1st support at 32685 where the horizontal swing low support and 38.2% fibonacci retracement are to our 1st resistance at 34042 in line with the swing high resistance and 161.8% Fibonacci extension. Alternatively, price may break structure and head for 2nd support at 31876 where the pullback support, 78.6% fibonacci projection and 78.6% fibonacci retracement are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Dow Jones Index tracing a triangle - means that upside has begunThe benchmark index Dow Jones Industrial Average, or simply put DJIA has been an upside since late May and the question going around is whether this rise is for real is it only a retracement before next wave down. I believe the correction is most likely over and the bounce we have been seeing of late is indeed a market reversal.
What you are seeing in the chart above is a triangle on a 2-hr chart of Dow Jones. Triangle patterns are always time consuming to the point of frustrating buyers and sellers alike, but they signify a thing or two and those are worth noting. Firstly, triangles appear in wave 4 (in a five wave structure), which means that after the triangle completes (which it will very soon as shown by the arrows on the chart), it will mark a brisk rise in prices in wave 5. The not so good news is that it also means that prices will correct significantly after completion of wave 5.
Overall the wave iv and wave v are part of an intermediate Wave 1 and the correction soon to follow (after wave v) will comprise wave 2. The markets will commence a major bull run in wave 3 once wave 2 retracement correction completes. So, tighten your seat belts and get ready for real action the markets. Most world indexes move together, which also means that along with US indices, most other major indices including DAX, FTSE, NIFTY etc. should mov along.
DOW Futures ShortThis is a Position idea to Short the DOW United States Market index through Futures. It's pretty simple, Short At 32823. Stop Loss to exit position if taken at 33012 just above the psychological level at 33000. Take profit At 32587. Risk to Reward is .58%/.72%; A little more than 1.5 Risk Over Reward Ratio at 1 5/8. There is a Fibonacci Fail to continue at 0.266 32770 level with two previous closes Below that Level recently indicating a Move Lower possible. There's clearly Consolidation and not a lot happening my Opinion But this is my take as of now. Also I'll add with confluence to the price. Momentum is moving down on my indicator cross above still holding, and a Bearish RSI. This should be a relatively Small Time Frame for this trade to per take. Thank you
Dow Jones: Jack-in-the-boxOr in fact: Jones-in-the-box as Dow Jones has jumped out of the lower green zone between 32374 and 32934 points quite impulsively. Although the index could now directly continue the ascent above the resistance at 33434 points, we rather expect it to come back into the lower green zone to finish wave 4 in green – ideally at its bottom. Afterwards, Dow Jones should rise above the resistance at 33434 points and further upwards into the upper green zone between 34311 and 34823 points to complete wave 5 in green. As soon as the index has accomplished this, it should start a countermovement.
YM1! Time to sell after the end of the uptrend we will see a downtrend after having a big sprint box sign
Dow 4hour : all eye on EMA200 daily , it has buy now if big bad news not come , dow must go up to EMA200 DAILY near 33900 , technical say dow will see 34500 soon (if big bad news not come)
good luck
E-MINI DOW JONES ($5) FUTURESIf we break the support it will complete the drop to the lowest points and vice versa in case we breach the very strong resistance we will get an upward trend
YM AnalysisThe Dow Jones is consolidating. The area around 34100 could come into play as meaningful resistance. Short-term support is around 32509.
US30USD YM1! DOW 2022 JUNE 06 Week
US30USD YM1! DOW 2022 JUNE 06 Week
Last week market was in rotation between 33205-32500.
No resolution between Bulls/Bears yet.
Hopefully early week big operators will show their hand.
Possible scenarios considered are:
1) Market continue to be in rotation between 33205-32500
= Wait
2)32728 becomes support
3) 32728 becomes rejected and market return to test
30584-30926
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34807 34027 33531
33205 32728 31979
31411 30926 30584
Weekly: Low vol down bar close off low = minor strength
Daily: Ave vol down bar closing at low = minor weakness
H4: Ave vol down bar closing level with previous UHV bar =
minor strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! - Weekly Market Update, 6/6/22Dow futures are hovering around a known area of support / resistance.
I've adjusted support and resistance channel structures for your reference.
At this time, I do not see any actionable confirmation to entertain a trade idea.
E-MINI DOW JONES ($5) FUTURESWelcome. Several days ago, we noticed that the price is in an uptrend, but now I expect the price to collapse after a slight correction.
Finally, do not forget to consult. We wish you all success, and do not forget to write your like and opinion in a comment.
E-MINI DOW JONES ($5) FUTURESIn case we break through the resistance that is close to it now and the incentive for very strong support can also have a strong upward trajectory.
DowJones Playing A 5th Wave ExtensionIn this update we review the recent price action in the DowJones futures contract and identify the next high probability trading opportunity and price objective to target
DJI potential for rise! | 2nd June 2022On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our 1st support at 32814 where the 23.6% Fibonacci retracement is to our 1st resistance at 33463 in line with the swing high resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJI potential for rise! | 2nd June 2022On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 32814 where the 23.6% Fibonacci retracement is to our 1st resistance at 33463 in line with the swing high resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
E-MINI DOW JONES ($5) FUTURESHello. Several days ago, we noticed that the price is in an uptrend and will remain so with a slight correction.
Finally, do not forget to consult. We wish you all the best, and do not forget to write your opinion in a comment.
E-MINI DOW JONES ($5) FUTURESWelcome. Several days ago, we noticed that the price is in an uptrend, but now I expect the price to collapse after a slight correction.
Finally, do not forget to consult. We wish you all success, and do not forget to write your like and opinion in a comment.
YM shorty short - 5 wave short to the lows5th wave is coming probably as we have crossed 33053, let´s see the open
