The trading range from 41500 down to 28800 is once again in play. The market has settled back into this range, but has yet to retest the bottom of the range. Currently there is a 2-day balance area forming at the top of the range, after Friday's breakout through the downward trendline from all time highs. I'm not looking for a breakout here. I expect the market to...
this is trade 133 frm haidojo trading... the current low of 1547/or the impulse leg A has been violated...so both advanced patterns are no longer valid... In term of price-action, 1560 has turned frm support-to-resistance...but formation of lower-low at 1540 is too close to the previous one... from the past experience, this might indicate a possible reversal to...
this is trade 129 frm haidojo trading... - the bearish bat pattern is somehow still valid..with range to short frm 1597-1605...SL a few points abv 1605...1st tp 1587, 2nd tp 1560 the tighter range is 1585 - 1560...and the TREND is still DOWNTREND...short on rebound is still valid... higher resistance : 1598- 1605 red box and bearish bat pattern current...
Good gap up and now 2 inside days, looks like a bullish or bearish entry depending on how it breaks. I am guessing bearish, we will see.
Mechanical range continues
With the last two days candles making a tweezer top and almost a tweezer bottom (missed it by a nickel). This could signify pressure building in either direction for a quick bracket swing trade bearish or bullish whichever triggers first.
This week's bracket is broken for now. CME_MINI:ES1!