- Beginning with the Weekly ES chart we can clearly see the market has been bullish. However, my long-term bias is that we still have more room to trade lower this year.
- Looking at the weekly chart I have marked two price levels during April 2022: 4378.50 and 4308.50 with the latter being very important. Between these price levels is a clear gap that remains unbalanced. Also 4308.50 depicts clean highs on a 4hr chart.
- Price has traded above 4308.50 grabbing liquidity above the equal highs and also fulfilling part of the weekly gap.
- My trading model has now showed me an opportunity and I have entered on the fill of the 4hr gap depicted by a blue rectangle. My stop rests above the highest price traded inside the weekly gap with a take profit at the low end of the weekly price leg at 3639. I know, a long shot but I will manage my stop loss accordingly.
Not financial advice :)
- Looking at the weekly chart I have marked two price levels during April 2022: 4378.50 and 4308.50 with the latter being very important. Between these price levels is a clear gap that remains unbalanced. Also 4308.50 depicts clean highs on a 4hr chart.
- Price has traded above 4308.50 grabbing liquidity above the equal highs and also fulfilling part of the weekly gap.
- My trading model has now showed me an opportunity and I have entered on the fill of the 4hr gap depicted by a blue rectangle. My stop rests above the highest price traded inside the weekly gap with a take profit at the low end of the weekly price leg at 3639. I know, a long shot but I will manage my stop loss accordingly.
Not financial advice :)
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.