(MS)(MP) 2 ways to trade ES 240 Mins
Hi everyone, sorry for slow ideals presented. I was taking a break myself, after bouts of O.T trading.
Ok, so coming back to the market in Asia time, i am doing my usual analysis on ES and found 2 ways
to trade it. After the recent low has been form, ES is now consolidating.. I don't want to try predict
will it form a new multi year high, or it will be of a longer term toppish sign.
So, a gartley pattern nicely with a structure resistance based on the previous zones. Point D will be the
short price, with D to C retracement 38.2% and 61.8% as target 1 and target 2.
If you remain bullish, try to go long on the structure support highlighted by the blue zone. Target 1:1
first, move stop to break even then see if you can exit at previous structure high.
Good luck for the week ahead!
Ok, so coming back to the market in Asia time, i am doing my usual analysis on ES and found 2 ways
to trade it. After the recent low has been form, ES is now consolidating.. I don't want to try predict
will it form a new multi year high, or it will be of a longer term toppish sign.
So, a gartley pattern nicely with a structure resistance based on the previous zones. Point D will be the
short price, with D to C retracement 38.2% and 61.8% as target 1 and target 2.
If you remain bullish, try to go long on the structure support highlighted by the blue zone. Target 1:1
first, move stop to break even then see if you can exit at previous structure high.
Good luck for the week ahead!
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.