E-mini Dow Jones Futures (YM1!) - Bullish Bias with Key Levels
Description:
This analysis highlights a bullish bias for E-mini Dow Jones Futures (YM1!) based on the following observations:
Daily Bias: Buy
The current market structure supports a bullish sentiment as the price has reclaimed and stayed above the key support zone.
Key Support Zone (Blue Area)
The highlighted blue zone around 44,700 acts as a significant support level, where demand is expected to dominate if the price retraces.
Resistance Breakout
Price recently broke above a key resistance level (marked by the red horizontal line). This breakout suggests strong bullish momentum.
Next Steps
If the price sustains above the breakout level (~45,050), we could see further upside momentum.
A pullback to the support zone (~44,700) could provide a better risk-to-reward entry for long positions.
Key Levels:
Resistance: 45,100
Support: 44,700
This analysis highlights a bullish bias for E-mini Dow Jones Futures (YM1!) based on the following observations:
Daily Bias: Buy
The current market structure supports a bullish sentiment as the price has reclaimed and stayed above the key support zone.
Key Support Zone (Blue Area)
The highlighted blue zone around 44,700 acts as a significant support level, where demand is expected to dominate if the price retraces.
Resistance Breakout
Price recently broke above a key resistance level (marked by the red horizontal line). This breakout suggests strong bullish momentum.
Next Steps
If the price sustains above the breakout level (~45,050), we could see further upside momentum.
A pullback to the support zone (~44,700) could provide a better risk-to-reward entry for long positions.
Key Levels:
Resistance: 45,100
Support: 44,700
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.