The ES silver
12.11.24 the ES is a bullish chart but it made a correction lower with a 2 bar reversal that led to where it is today.... and I was looking for a chance to short the market on a correction higher if I could find a small stop thinking that the market would continue going lower if it didn't make new highs. I realized that the market is only a very small fraction lower than its all-time high and I recognize that it is a bullish Market by any standard.... nevertheless I was trying to find sellers and I wanted you to see the process. silver was the next Market that I looked at and I got a chance to show you Fibonacci extensions on the way up and on the way down and that you can follow reversal patterns based on that. it occurred to me as I was doing a video is that I got into two topics the ES and the silver and this was a fairly busy complicated day because of the way the markets are moving and it required that I use the tools that I use making decisions fairly quickly. this turned out to be a challenging exercise if I wanted this to be a little more simple.... but it was still worth the effort even though it's going to a little more work-oriented today...most days are easier. it in addition you don't have to take every trade and you don't have to be a stop and Reverse Trader.
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