ES1! Are we seeing the bearish ascending triangle already?
As with NQ, tendency to take rotational trades has diminished.
Scenario Planning:
1) If market remain within 4163 - 4118 = No trade
2) Larger rotation 4198 - 4068 = trade at boundary of range
Volume Analysis:
Weekly: Lower vol down bar close off low = some demand present
Daily: Lower vol down bar close off low = some demand
present
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4303 4198 4163-4118 (No trade zone)
4065
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Have a profitable trading week.
*For educational purpose only.
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Related publications
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.