Hello friends.
After making off wit the bag from our ES short earlier today, we are now considering an ES long. Our reasoning is that the price has fallen below fair value and is now approaching a solid support area from the 1-1 equality extension which completes this ABC correction to the downside. We expect the price to briefly tap the 1-1 level at 3933 before reversing upwards into the next leg of the rally. The trade has a stop loss placed below the entire support level which will only be hit if the price falls through and we are wrong about our trade.
Thanks for playing.
After making off wit the bag from our ES short earlier today, we are now considering an ES long. Our reasoning is that the price has fallen below fair value and is now approaching a solid support area from the 1-1 equality extension which completes this ABC correction to the downside. We expect the price to briefly tap the 1-1 level at 3933 before reversing upwards into the next leg of the rally. The trade has a stop loss placed below the entire support level which will only be hit if the price falls through and we are wrong about our trade.
Thanks for playing.
Nota
UnfilledL
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.
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.