-

 April 20, 2022 Ichimoku Trading Opportunites

DOW Futures June Contract



Market opened with Price above Bullish Cloud, there was a Pullback to the Kijun Line for a Long opportunity as Chikou Line was above Price & Cloud.  And second identical move 5 mins later but didn't have the strong Rally like the first one.  Market reversed going down thru fat section of the Cloud, the Sell opportunity would have been risky just because Chikou was still in the Cloud even though it was under Price (trade would have been profitable).  Market then reversed off Double Bottom passing through thin section of the Cloud, it pulled back to test & held for Rally to New HOD, in that Rally was 3 Long opportunities to ride the wave.  After making NHOD, it pulled back through fat section of the Cloud forming 2 Sell trades, they didn't have the sell off as prior time.  Price then just ranged between NHOD & previous Swing Low.  Then made a fake out putting in New HOD, then reversing and selling off the rest of afternoon.

**The Awesome Indicator at bottom of chart, is to measure the Buying/Selling Momentum going into trade**

Comments

Post a Comment

Popular posts from this blog

-
Image
  April 26, 2022 Ichimoku Trading Opportunities  DOW Futures June Contract Using 4hr Chart for market analysis, the YM has really just been in a consolidation phase.  There was a double top formed the end of March & April with 35287 being Resistance.  34179 acted as Support but was broke April 22nd, it attempted to make a move back to test during Mondays Globex session but failed and dropped.  My view is that it is currently bearish, next Support down at 33283 has to hold or price may drop down to 32620 level. Just one trade today(but there was plenty of opportunity) Market was in slight range after making HH during Globex, at RTH Open it tested 33663 level & held.  After the "TK Cross" at 858am underneath the Cloud I wanted to look for Long trade opportunities, I waited for Price to come test 9 EMA level & TTM Squeeze to have Green Dots & Bars before entering trade.  Added confirmation was that Price & Chikou was above the Cloud wi...
Read more
-
Image
  April 21, 2022 Ichimoku Trading Opportunity DOW Futures June Contract Yellow Line is 4Hr Resistance level, market opened above level but then just ranged.  It wasn't able to make a real rally past the level.  15mins into RTH session, Long opportunity came as Price got above Cloud after going through fat section of it, would've been risky as Chikou line was beneath Cloud.  30mins later was a Short opportunity as Price was rejected at Cloud Span B resistance, after it closed below Cloud Chikou was also in position under Price & Cloud for trade.  Price tested now Support level of 4hr level, failed and market sold off the rest of the afternoon.
Read more