Dow Futures ( YM_F ) : Buying The Dips At The Blue Box Area March 11, 2024 By EWF Vlada Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Dow Jones Futures published in members area of the website. As our members know YM_F has recently made pull back that has unfolded as Elliott Wave Zig Zag pattern. It made clear 3 waves down from the February 23rd peak and completed correction right at the Equal Legs zone ( Blue Box -Buying Area) . In further text we’re going to explain the Elliott Wave pattern and trading setup. YM_F Elliott Wave 1 Hour Chart 03.05.2024 Dow Jones Futures is showing lower low structure from the peak. Correction has a b c labeling, when we can still be in c red leg. The price
$Roblox Corporation(RBLX)$ the popular online gaming platform, has experienced a four consecutive weeks down move, exceeding its one standard deviation price run after its recent financial announcement. One standard deviation (SD) is a statistical measure that indicates how much a stock's price typically deviates from its average price. A price movement exceeding one SD suggests a more significant deviation than usual, potentially signaling a trend change or overbought/oversold territory.
$Bilibili Inc.(BILI)$ share price reacted positively after its recent financial report announcement. Share price traded above EMAs and formed a intermediary swing low, which is a bullish signal, indicating a potential reversal point. Similarly, $JD.com(JD)$ share price also reacted positively its recent financial report released with a gapped up. Share price closed above EMAs in last trading session with increased volume, indicating strength. $Baidu(BIDU)$
Not sure how the market will go due to the war and the uncertainties In the world as tension starts to built... maybe it's time to keep some cash or start to buy gold.