Dow Jones Targeting Fib Ext ConfluenceIn this update we review the recent price action in the Dow Jones (futures contract) and identify the next high probability trading opportunities and price objectives to target.
UDF1! trade ideas
US30USD YM1! DOW 2022 MAR 14 Week
US30USD YM1! DOW 2022 MAR 14 Week
With the break of 33087, market may next test of 32167-32427.
Preference will be to short on retracement with target to this
level.
Breach of this level will see test of lower levels.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 34034
33427 32492 32167
Weekly: Average volume down bar closing off low = some demand.
Daily: Low volume down bar closing at low = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
break low can crash dow to 30.000 on 1 hour chart , dow reach fibo 61% and i belivel dow have buy now !!! to red trend line and green fibo 61% =34400
but on bad news ,if low break ,dow can crash to 29700(buylimit place) support
advice = above low, looking for buy with SL= last low ,,, try hold it 10-15 day minimum to 34400
if low break, dont inter sell , wait buy pinbar comes on 60-240-1440 min chart
if you have old buys,,,100% put hedge sellstop in low
YM1! - Weekly Market Update, 3/14Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling).
These areas indicated suggested support / resistance for Monday, 3/13/22 and either rise or fall based on their channel structure ascending or descending.
Please check back for any mid-week updates. You can also follow me on my social networks and my website, all links are located below.
Wishing you a profitable week ahead! Anthony Speciale
ABC Correction with Bullish Shark & Bat Type 1 Return Target 39KUptrend ABC Correction with Bullish Shark Retrace to .786 & Bullish Bat Type 1 Return Confirmation Higher Low. Full Fib Extension Target Top 39,000-39,600.
DOW : double bottom pattern and coming butterfly pattern despite today go down , we advice put buystop on high (sl= today low , wait time 7 to 2 week) and dont close your buy sooner than fibo 61% 34400 area ok?
if low not break (need big bad news) dow in coming days can fly up
if low break , dow cant go down too much ,,, dont forget daily chart main trend is very +++ so dont alow red candel force you sell !!!
if you have open sell , 100% put sl on yesterday high , break high mean + up trend will start
good luck
ALERT= SELL ON GOLD , DOW , DAX ,NASDAQ ,SP500 IS VERY VERY DANGROUS , NEVER REMOVE SL ON SELL,,,, THEY LOVE + UP TREND ,UNDERSTAND?
Daytrading ideas: GAP FILL, Trend continuation of course the big move already happened before 9.30 eastern opening time
but there are always the daily moves that you can trade
GAP FILLS
Trend continuation (simply buy the last POC before 9.30 am opening) with target prior days high or if we are above/below prior days high/low let it run till the next day, with a breakeven stop.
Even if these plays don't work out (for crudeoil it was today only a half gap fill) you still can catch some points, or position yourself before big moves happen.
Dow long at prior POCbuying the POC of prior swing lows worked out in the PAST
now what can happen:
1. loss 200 points (have to set this stop if you are only trading on daily charts)
2. breakeven on the next day
3. target prior day high hit
4. trend trade where you can trail the stop on prior days low...
any way setup triggered today on DOW and Nasdaq (nasdaq performed not as good as dow with this setup in the past)
Dow JonesIf we're below this week's high, I think the Dow sees $29k. Above this week's highs & I'm not interested.
Countertrade LongYm Similar to NQ looking to buy if price hits MPL, short term reversal, trend is quite bearish
Week 10 Indices still short and Wheat long As usually monday morning no long continuation on crude oil, maybe tomorrow. Bitcoin, bonds and gold slightly higher
Is it ok to get now into a heavy short trade? I usually trade rallies to the 50% level, these rallies failed last week, so better wait for thursday or friday weakness for another short.
Have a look at my short and long watch list www.tradingview.com
Dow Jones: SeesawDow Jones is currently see-sawing between the resistance at 34205 points and the support at 32167 points and seems hesitant to move forward too fast. We expect the index to move, though, namely upwards. As soon as it has effectively crossed the resistance at 34205 points, it should continue to rise above the next one at 35521 points and still further above 36446 points. However, to assert this scenario, Dow Jones must not fall below the support at 32167 points, otherwise our alternative scenario with a probability of 40% would commence. In that case, the index should make a detour through the magenta zone between 31292 and 29978 points before climbing up again.
DOW JONES(YM1!!), H4 potential for bearish dip Type : Bearish Dip
Resistance : 34041
Pivot: 33144
Support : 32307
Preferred Case: Price is at our pivot level of 33144 in line with the horizontal swing low support and 50% Fibonacci retracement. We are expecting a breakout at pivot and a potentially dip to our 1st support level of 32307 in line with 61.8% Fibonacci projection. Our bearish bias is supported by the ichimoku cloud indicator.
Alternative scenario: Alternatively, price may head for our 1st resistance level of34041 in line with the horizontal overlap resistance and 78.6% Fibonacci projection.
Fundamentals: With the ongoing Russia-Ukraine tension, we can expect to see bearishness in the US indices.
YM1! Weekly Analysis - 3/7I've indicated area(s) of ascending and descending support and resistance for the week ahead.
Please note, areas are indicated on a daily chart for Monday, 3/7/22 and will adjust according throughout the week.
Feel free to share with others... Wishing you a blessed and profitable week ahead!
Anthony Speciale
US30USD YM1! DOW 2022 MAR 07 Week
YM1!
US30USD YM1! DOW 2022 MAR 07 Week
Last week, long from test area1 at 32672 and short from 34034 worked.
Market is in a rotation between 34034 and 33087
As such, preference to short at resistance and long at support is
preferred, until any decisive directionis shown by the market.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 34034
33230 32672 32167
Weekly: Average volume down bar closing in middle =
undecisive
Daily: Average volume down bar closing off high = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YMH2022 (Dow Jones Futures) , H4 Bearish momentumType : Bearish downside
Resistance: 33949
Pivot: 33401
Support: 32157
Preferred Case: Price near pivot level of 33401 in line with 38.2% Fibonacci retracement and 38.2% Fibonacci retracement . Price can potentially dip to the 1st support level of 32157 in line with 100% Fibonacci extension and 50% Fibonacci retracement . Our bearish bias is supported by prices trading below the ichimoku indicator
Alternative scenario: Alternatively, price may go to the 1st resistance level of 32157 in line with 100% Fibonacci projection and 50% Fibonacci retracement .
Fundamentals: We expect the downward trend to continue in midst of the Russo-Ukraine crisis as investors continue to stay away from risk-on assets such as large cap stock indices such as DJI. Until further confirmation from the FED on the rate hike circumstances, market will continue momentum with its priced in state.
