Trade Recap Last week we looked at a potential long trade in the Dow Jones futures as price was bouncing off the diagonal support line for the ascending triangle on the daily chart. The market has bounced powerfully since that analysis, with an excellent risk-reward ratio position playing out right now. Take a look at Read More…
Introduction In today’s technical analysis, we will examine the recent trends and indicators surrounding Dow Jones Futures. By analyzing volume, price action, moving averages, and potential price targets, we can gain valuable insight into a potential long trade in YM. Volume Analysis: Observing the current price action, there is a slight decrease in volume. While Read More…
Techncial recap Take a moment to review the analysis from June 12th here. The gap we analyzed has been filled perfectly, and an immediate bullish reversal followed. Now, bulls are pushing price up above the horizontal resistance line and attempting to break above the ascending triangle once more. Technical analysis Moving Averages: The 50 MA is sitting Read More…
Technical analysis Like all other US indices, YM has been surging on the back of strong US data. The Dow Jones is currently testing the horizontal resistance level of an ascending triangle formation on a daily time frame. The question is whether bulls will be strong enough to be able to push price through current Read More…
The trade We have a great example of why it is important to remain patient in trading and markets. The YM long trade from a few weeks ago has played out now, and the max profit target has been hit. I want to take this opportunity to explain why being patient in trading is so Read More…
Trade update Last week Monday, we did technical analysis on YM and saw the potential for a long opportunity. The trade so far has worked out, yielding 1,400 points. I want to take the time in this article to explain why it is important to stay neutral in your emotions by remaining in a calm Read More…
