Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of Dow Futures (YM_F) published in members area of the website. As our members know, YM_F is trading within the cycle from the 36635 low. Recently, we forecasted the end of the short-term pull back and called for a further rally. In the following text, we’ll explain the Elliott Wave analysis and present target areas.
YM_F Elliott Wave 1 Hour Chart 04.21.2025
Dow Jones Futures is forming a three-wave pullback which still looks incomplete at the moment. Our members know that we can easily identify the reversal area by measuring the Equal Legs zone, ((a)) related ((b)), which comes in at the 38531-37940 area. We expect buyers to appear within the mentioned zone and to see a further rally in Dow Jones YM_F from there.
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YM_F Elliott Wave 1 Hour Chart 04.21.2025
YM_F found buyers as expected at the Equal Legs area and has delivered a decent rally so far. Now, we would like to see a break above the April 9th peak to confirm further extension to the upside toward the 41884+ zone.
Remember, the market is dynamic, and the presented view may have changed in the meantime. For the most recent charts and target levels, please refer to the membership area of the site. The best instruments to trade are those with incomplete bullish or bearish swing sequences. We put them in Sequence Report and best among them are presented in the Live Trading Room
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Source: https://elliottwave-forecast.com/stock-market/dow-futures-ym_f-elliott-wave-2/