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 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 with future Cloud being Bullish. +65 Points on 1 Contract

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