ES1! SPX500USD 2022 FEB 14 Week
ES1! SPX500USD 2022 FEB 14 Week
Last week's ES tested recent high and weakness at top
presented a good short opportunity late week.
Shall wait for price reaction at 4411.
I am more inclined to look for short opportunity should
price goes up on low volume.
Weekly: Average down bar closing near low = weakness.
Additionally, it looks like a reversal set up.
Daily: Average volume down bar closing off low, some demand
is present.
H4: UHV higher volume down bar closing off low = strength
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4629 4587 4520
4492 4411 4446
4318 4267
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Have a profitable trading week.
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