DowJones Pivotal Weekly Trendline TestIn this update we review the recent price action in the emini DowJones futures contract and identify the next high probability trading opportunities and price objectives to target
UDF1! trade ideas
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 31860
Pivot: 31240
Support : 30417
Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 31240 where the swing low support and 78.6% fibonacci projection are. Once there is downside confirmation that price has broken pivot structure, we would expect bearish momentum to carry price to 1st support at 30417 where the pullback support and 78.6% fibonacci retracement are.
Alternative scenario: Alternatively, price could rise to 1st resistance at 31860 where the overlap resistance and 23.6% fibonacci retracement are.
Fundamentals: Due to Powell's Hawkish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the Dow Jones Index.
DOW 4HOUR SAY : break 31000 trend line can crash dow to 27000personally i believe dow little will go down but will go up after some zigzag
above green aroow after PINBAR comes on 1 hour or 4hour or daily chart we must pick buy and hold it to new high
be careful stand on fix low size
good luck
US30USD YM1! DOW 2022 SEP 05 Week
US30USD YM1! DOW 2022 SEP 05 Week
Last week's short on retracement/channel rejection was good.
Temporary support at the moment at 31221.
Possible scenarios:
1) Long at 31221 / dotted trend line support
2) Short on rejection of solid trend line / 32029 / 31221 /
retracement on low
volume
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32546 32029 31221
30406 29639
Weekly: Higher vol than previous bar, narrower spread,
close off low = demand coming in
Daily: Ave vol down bar close off low = minor demand
H4: Ultra high vol bar + up bar close of low = minior demand
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! - Weekly Market Update, 9/5Major market indices have all settled BELOW their 50 day moving averages.
I believe the coming weeks are going to be telling for the broader market(s).
Either we regain some traction and take out the recent highs OR we break the recent lows and leg down even further.
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 32591
Pivot: 31864
Support : 30432
Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop from pivot at 31864 where the pullback resistance and 23.6% fibonacci retracement are to 1st support at 30432 where the pullback support and 78.6% fibonacci retracement are.
Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 32591 in line with pullback resistance, 50% fibonacci retracement and 78.6% fibonacci projection.
Fundamentals: Due to Powell's Hawkish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the Dow Jones Index.
DOW daily : upper fibo 61% is 1st target but it can go to 35300butterfly pattern (and stupid Biden+Powel) do its job well push markets down
now dow reach fibo 61% (see red fibo on chart ) and it can start +uptrend to 33070
when pinbar comes on 1hour or 4hour or daily chart dont fear pick low size buy and hold it 7-8 day SL:pinbar low
good luck
Micro Dow Jones Futures (MYM1!), H4 Potential for Bearish DropType: Bearish Drop
Resistance: 32606
Pivot: 31864
Support : 30405
Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop from pivot at 31864 where the pullback resistance and 61.8% fibonacci retracement are to the 1st support at 30405 where the pullback support is.
Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 32606 in line with pullback resistance, 61.8% fibonacci projection and 38.2% fibonacci retracement.
Fundamentals: Due to Powell's Hawkish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the Dow Jones Index .
E-MINI DOW JONES ($5) FUTURESVery strong landing and with the break of a very excellent support area and there is a great likelihood that he will continue landing
DOW 1hour say : down move will continue to 31500al eye on fibo 61%
break 31000 trendline can give dow new crash.downtrend
above green arow we can pick buy after PINBAR comes on 1hour or 4hour or daily chart comes SL :pinbar low
good luck
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 32603
Pivot: 31862
Support : 30417
Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop to pivot at 31862 where the pullback support, 100% fibonacci projection , 61.8% fibonacci retracement and 127.2% fibonacci extension are. Should price break pivot structure, we would expect bearish momentum to carry price to 1st support at 30417 where the pullback support is.
Alternative scenario: Alternatively, price could rise to 1st resistance at 32603 in line with pullback resistance.
Fundamentals: Due to Powell's Hawish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the Dow Jones Index.
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 32603
Pivot: 31862
Support : 30417
Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop to pivot at 31862 where the pullback support, 100% fibonacci projection, 61.8% fibonacci retracement and 127.2% fibonacci extension are. Should price break pivot structure, we would expect bearish momentum to carry price to 1st support at 30417 where the pullback support is.
Alternative scenario: Alternatively, price could rise to 1st resistance at 32603 in line with pullback resistance.
Fundamentals: Due to Powell's Hawish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the Dow Jones Index.
US30USD YM1! DOW 2022 AUG 29 Week
US30USD YM1! DOW 2022 AUG 29 Week
Last week's 33205 rejection provided short opportunity.
Possible scenarios:
1) Long at 31780 support
2) Short on rejection of 32546 / 31780 / retracement on low
volume
Price reaction levels
Short on Test and Reject | Long on Test and Accept
34027 33326 32546
31780 31780
Weekly: Ave vol down bar close off low = Supply + some demand
Daily: High vol down bar close toward low = Supply, +
some demand coming in
H4: Climatic + high vol down bar close at low,
breaking down a previous support = bearish absorption
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! - Weekly Market Update, 8/29Dow Futures finding support at its 50 day SMA.
Support below @ 32050 is crucial to hold, if it doesn't this market could leg down.
If broken, next notable support could potentially be found at 30975 for this week.
DowJones Wave Trading Long & Short Set UpsIn this update we review the recent price action in the emini DowJones futures contract and identify the next high probability trading opportunity and price objectives to target
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 33435
Pivot: 32609
Support : 31851
Preferred Case: On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 32609 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 31851 where the pullback support, 61.8% fibonacci retracement and 127.2% fibonacci extension are.
Alternative scenario: Alternatively, price could rise to 1st resistance at 33435 where the pullback resistance and 50% fibonacci retracement are.
Fundamentals: Due to fears of aggressive interest rate hikes ahead of the central bank’s annual Jackson Hole economic symposium, we have a bearish view on the Dow Jones Index.
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 33435
Pivot: 32609
Support : 31851
Preferred Case: On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 32609 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 31851 where the pullback support, 61.8% fibonacci retracement and 127.2% fibonacci extension are.
Alternative scenario: Alternatively, price could rise to 1st resistance at 33435 where the pullback resistance and 50% fibonacci retracement are.
Fundamentals: Due to fears of aggressive interest rate hikes ahead of the central bank’s annual Jackson Hole economic symposium, we have a bearish view on the Dow Jones Index.
DOW JONES SCENARIOThis is quite a scary scenario, with all the talks of economic disaster, i personally just focus on technical analysis, and allow the charts to do the talking. We have a weekly wedge, that has just formed a doji and next weekly has started to move down, if this closes below 32750 we could see an evening star formation on the weekly timeframe. Overwatch has just pipped the upper boundary, Lower side of the wedge coinsides with a fibb retracement on the daily chart below. Lower tf analysis could catch some nice trades here i feel.
Micro Dow Jones Futures (MYM1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 33432
Pivot: 32605
Support : 31852
Preferred Case: On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 32605 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 31852 where the pullback support, 61.8% fibonacci retracement and 127.2% fibonacci extension are.
Alternative scenario: Alternatively, price could rise to 1st resistance at 33432 where the pullback resistance is.
Fundamentals: Due to fears of aggressive interest rate hikes ahead of the central bank’s annual Jackson Hole economic symposium, we have a bearish view on the Dow Jones Index.
Micro Dow Jones Futures (MYM1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 33432
Pivot: 32605
Support : 31852
Preferred Case: On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 32605 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 31852 where the pullback support, 61.8% fibonacci retracement and 127.2% fibonacci extension are.
Alternative scenario: Alternatively, price could rise to 1st resistance at 33432 where the pullback resistance is.
Fundamentals: Due to fears of aggressive interest rate hikes ahead of the central bank’s annual Jackson Hole economic symposium, we have a bearish view on the Dow Jones Index.
CRASH chart #3this is where people lose its money. In 2021 everyone went ALL IN
now it is time to crash and become slave
DowJone Tracking A Potential Wave 4 SequenceIn this update we review the recent price action in the emini DowJones futures contract and identify the next high probability trading pattern and price objectives to target
E-mini Dow Jones Futures (YM1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 34247
Pivot: 33439
Support : 32608
Preferred Case: On the H4, with price moving above the ichimoku indicator and along the ascending trendline , we have a bullish bias that price will rise from pivot at 33439 where the 23.6% fibonacci retracement, 61.8% fibonacci projection and pullback support are to 1st resistance at 34247 where the swing high resistance, -27.2% fibonacci expansion and 127.2% fibonacci extension are.
Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 32608 where the pullback support and 38.2% fibonacci retracement are.
Fundamentals: Due to fears of aggressive interest rate hikes ahead of the central bank’s annual Jackson Hole economic symposium, we have a bearish view on the Dow Jones Index. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
