Just using the past bar pattern data to line up with the current data and it would seem as if the Short Sell scenario will have a good chance at unfolding. I am currently Short at 3927.50 with my stop above at 4080. Time Stamped on 12/06/2022.
According to this data, I will be 115 points under water. What got me in was the failed bounce off of the 21 ema alongside the strong bear candle closing below the 21 ema as the bounce flopped over. I still hold with conviction that ES still has room to 3200, it is just the matter at properly timing the entry is what is the difficult part. That, and holding on plus adding to, the position for 60 days.
According to this data, I will be 115 points under water. What got me in was the failed bounce off of the 21 ema alongside the strong bear candle closing below the 21 ema as the bounce flopped over. I still hold with conviction that ES still has room to 3200, it is just the matter at properly timing the entry is what is the difficult part. That, and holding on plus adding to, the position for 60 days.
Note
The ideal entry should have been at 4008 at the close of yesterday's candle but I wasn't quite sure at the time. I entered in a full 80 points late. That is on me and now I must accept a wider stop loss.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.