ES1! SPX500USD 2023 FEB 06
Last week's Scenario1 short and breakout trade
both offers TP of 50pts each.
Market is back into supply zone (circled), 3 TFs
showing supply coming in. Temporary short
opportunity may arise if market moves up on lower
volume and narrow spread.
Scenario Planning:
1) Short if 4209-4175 is resisted
2) Long on support and acceptance at 4094-4048 level when
breakout level is tested.
Volume Analysis:
Weekly: High vol up bar close off high = supply coming in
Daily: Higher vol down bar, possible 2BR formation = supply coming in
H4: High vol down bar close at low (UT) = S>D. If up bar(s) after this
is narrow spread and low volume, we may have a temporary
short opportunity
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4094-4048 3928-3788
3580 3502 3231
Remember to like and follow if you find this useful.
Have a profitable trading week.
Last week's Scenario1 short and breakout trade
both offers TP of 50pts each.
Market is back into supply zone (circled), 3 TFs
showing supply coming in. Temporary short
opportunity may arise if market moves up on lower
volume and narrow spread.
Scenario Planning:
1) Short if 4209-4175 is resisted
2) Long on support and acceptance at 4094-4048 level when
breakout level is tested.
Volume Analysis:
Weekly: High vol up bar close off high = supply coming in
Daily: Higher vol down bar, possible 2BR formation = supply coming in
H4: High vol down bar close at low (UT) = S>D. If up bar(s) after this
is narrow spread and low volume, we may have a temporary
short opportunity
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4094-4048 3928-3788
3580 3502 3231
Remember to like and follow if you find this useful.
Have a profitable trading week.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.