Still overall bearish, but if we could clear Fridays lows, we could possibly get a scalp in on the retracement to 50% of the fib off Fridays drop. The bigger move however would be the short. There's close liquidity to the sell side on the HTF (Daily).
Bearish on Index Futures.
- SMT at previous month's high.
- Inversion on daily timeframe.
- Monthly BISI as draw on Dow.
- ES/NQ lagging behind, expecting a run for previous month's low.
What a week we just had!
Friday we saw aggressive broad selling all the way into the close. The NDX is once again just flopping around in this multi-week range - while The Dow is meaningfully breaking down.
For indexes - I will be focusing on the Dow this week. The DJI has been super clean lately and is the only index really making the sizeable moves as...
Here is a short video on my key price action concepts which enable me to build a picture of what is happening and what side of the market I should be on.
I like to use Anchors to a trend and key levels to build the trades on a 5min and then use the 1min charts for the entries.
Enjoy the ramblings !!!
The basic concepts discussed are :
- Anchors
- Price...
Well, as you can see Dow Jones in the daily chart swept the liquidity and created a new all-time high, then had a bearish reaction and shiffed the market structure as well.
after that, the price had a retracement from a bullish FVG to a bearish breaker block and continued to the sell side.
For now, there are two different bearish scenarios which I follow the...
I will try to formulate a gameplan for Friday's NY session for a possible day trade
Starting with the daily chart
Price was in a spike and channel pattern that just got broken out of with its 850 point drop from its high of day.
This is a sell signal for people that trade the daily chart.
Thursday surged off of the daily 21ema and the 21ema is now curling...
The idea of this trade a counter trend using ICT concept.
US30 provide a bullish run during the London session and retraced back to the OTE area prior to US market Open.
Load a buy entry at 0.618 Retracement with a bullish candle stick engulfing
Due to a delayed upload, my bias is neutral for the duration of the week. Initially, i was looking out for the weekly order block to be attacked, which occured before continuing it's downwards projection to the weekly sellside liquidity @ 37,675.
In my last YMM post, i stated that YM could front run the index markets and thats exactly what we saw. But this does...
Welcome to our discussion on the three vital aspects of a trade: Entry, Risk Management, and Exit. Mastering these components is crucial for successful trading. Let's delve into each aspect, understanding their significance and how they contribute to your trading strategy.
Entry:
The entry point marks the initiation of a trade. While it may seem straightforward,...
CBOT_MINI:YMM2024 Dow Jones Index Futures Elliott Wave Analysis CBOT_MINI:YMM2024
there Some more clearly we will coming week
1. If we are at WXY correction we bounce at first green zone ( note- WXYZ for lower target also possible)
2. If are doing ABC correction we will see further down early coming week for lower target.
CBOT_MINI:MYM1! Dow Futures have broken below the distributive uptrend channel and confirms the double top formation. Long-term MACD is bearish while mid-term stochastic has shown an oversold crossover. 23-period ROC is below the zero line and Ichimoku has shown first sign of bearish signal. Support is at 37,600
