Title: E-mini Dow Jones Futures ( YM1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 34707
Pivot: 34199
Support: 33675
Preferred case: Looking at the H4 chart, my overall bias for YM1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head up towards the resistance at 34707, where the previous swing high is.
Alternative scenario: Price could head back down to retest the pivot at 34199, where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 34707
Pivot: 34199
Support: 33675
Preferred case: Looking at the H4 chart, my overall bias for YM1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head up towards the resistance at 34707, where the previous swing high is.
Alternative scenario: Price could head back down to retest the pivot at 34199, where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.