On the hourly timeframe, price has been consolidating in the upper 50% of that fat green hammer candle ( Extremely Bullish)
The hourly 21ema is trending higher ( Bullish )
1 full range expansion of that consolidation will be 5050.00
Any close above or a limit at the breakout should be ok.
Drilling down to the 5 minute for a finessed entry will be the trick today. I may get stopped out trying to find the right entry. The market won't let me have this for free.
The hourly 21ema is trending higher ( Bullish )
1 full range expansion of that consolidation will be 5050.00
Any close above or a limit at the breakout should be ok.
Drilling down to the 5 minute for a finessed entry will be the trick today. I may get stopped out trying to find the right entry. The market won't let me have this for free.
Trade active
Got long on the 15 minute with a red take out on the rising 21ema. My stop is 50 ticks and I am targeting 200 ticks just before the 1 full range expansionNote
This setup I call a 15' T21 CC ETHMeaning:
15' Timeframe Entry
Trend Continuation at the rising 21ema
Limit order on a color change
Globex Hours ETH before NY open
Note
Holy Fuck lol that was an explosive short squeezeNote
Hit 5047.00 Note
ES was Bullish today as I expected, while YM was bearish. I believe YM is leading the market on its 37% sell off. I was anticipating February 13th as the top. February CPI is coming next Tuesday, I wonder if that will be the catalyst for the move down following the March 20th FOMC.
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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.