Johnkiew

Dow - Window Dressing Set up?

לונג
Johnkiew מעודכן   
CBOT_MINI:YM1!   חוזים עתידיים E-mini דאו ג'ונס ($5)
On the left chart (daily time frame), market profile was fixed on Dow Jones futures range between February low to October high. Trader please look at the point of control, identify as red line in the chart which indicate the most volume traded price level within the range. Coincidentally, market rebound 3 times from POC.

The recent fall from 8 November high have reach POC 24300 level on last Friday. And price is developing positive structure. As time have near to year end window dressing seasonal pattern, the chances of positive price structure will likely to continue.

Thus, trader please be cautious on selling and the right chart showing the current swing projection if price continue rally from 24246:

If price above 24524, next target at 24696.
If price above 24696, next target at 24973.
If price above 24973, next target at 24521.
If price above 24521, next target at 26147 (previous high)

Price will temporary retraced from reaching any one of the targets above. Trader please treat each target as resistance zone instead of an exact science.
עסקה סגורה: היעד הושג:
Dow reach third target with Powell comment on likely a rate hike paused next year. The third target price level 24521 also two third retracement from previous down swing, a resistance level to watchout for trend indication. As G20 remain uncertain, trader please be cautious on potential either side movement in coming weeks.
הערה:
Typo on third target price, it should be 25421
הערה:
Positive development between China and Xi heat up commodities and Dow, Dow is heading 26147, please refer to the right chart.
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.