wormmaster2021

YM1! DJIA 1h bear bat harmonic

Short
wormmaster2021 Updated   
CBOT_MINI:YM1!   E-mini Dow Jones ($5) Futures
YM1! entered bearish bat harmonic, and is on it's way to pt1=33701. Expect bullish retracement at that level with retest of recent high, then downward again to pt2=33315 and likely 32686.
Comment:
YM1! has recently been following bull cypher patterns to their pt2 levels around 34k, these older patterns are still active and valid, so it is also possible that once the bear bat pattern reaches pt1 and begins bullish retracement toward the bear bat sl level, it may hit sl, continuing the cypher pattern up to pt3 35228 before another leg down.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.