You're looking at the Micro E-mini S&P 500 Index Futures (MES) on the 1-hour timeframe, overlaid with:
Market structure labels (CHoCH/BOS/EQH)
SuperTrend (10,3)
Trendline
RSI and volume at the bottom
🧭 Overall Trend:
Primary Trend: Bullish, with steady higher highs and higher lows.
Recent Activity: Price reclaimed above structure and is holding near the highs, just above the trendline.
SuperTrend: Still green (bullish)
RSI: Cooling off from overbought; currently in the neutral zone ~50.
📊 Structure Analysis:
Multiple CHoCHs and BOS show aggressive but healthy pullbacks in an uptrend.
Most recent CHoCH to upside, followed by a BOS and a new higher high confirms bullish continuation.
Price bounced from the trendline after a quick dip — key bullish signal.
✅ Suggested Approach:
🟢 Bias: Bullish (Trend Continuation)
As long as price holds above 6,322–6,335, bulls remain in control.
🎯 Long Setup (Preferred):
Entry Zone: 6,335–6,345 (on minor pullback)
Stop: Below 6,312 (under last swing low + trendline)
Target 1: 6,380 (recent high zone)
Target 2: 6,410+ (price discovery)
Optional: Scale in near the trendline support on lower timeframe confirmations.
🔻 Invalidation / Short Setup:
If price breaks below 6,312 with volume and closes under trendline:
Short Bias Activation
Target: 6,280 → 6,250
Stop: Above 6,340
🧠 Final Notes:
Momentum is still healthy but watch RSI divergence.
Volume confirms continuation, not exhaustion.
Prefer buying dips unless trendline breaks cleanly.
Let me know if you want a multi-timeframe confluence or position sizing calc.
Market structure labels (CHoCH/BOS/EQH)
SuperTrend (10,3)
Trendline
RSI and volume at the bottom
🧭 Overall Trend:
Primary Trend: Bullish, with steady higher highs and higher lows.
Recent Activity: Price reclaimed above structure and is holding near the highs, just above the trendline.
SuperTrend: Still green (bullish)
RSI: Cooling off from overbought; currently in the neutral zone ~50.
📊 Structure Analysis:
Multiple CHoCHs and BOS show aggressive but healthy pullbacks in an uptrend.
Most recent CHoCH to upside, followed by a BOS and a new higher high confirms bullish continuation.
Price bounced from the trendline after a quick dip — key bullish signal.
✅ Suggested Approach:
🟢 Bias: Bullish (Trend Continuation)
As long as price holds above 6,322–6,335, bulls remain in control.
🎯 Long Setup (Preferred):
Entry Zone: 6,335–6,345 (on minor pullback)
Stop: Below 6,312 (under last swing low + trendline)
Target 1: 6,380 (recent high zone)
Target 2: 6,410+ (price discovery)
Optional: Scale in near the trendline support on lower timeframe confirmations.
🔻 Invalidation / Short Setup:
If price breaks below 6,312 with volume and closes under trendline:
Short Bias Activation
Target: 6,280 → 6,250
Stop: Above 6,340
🧠 Final Notes:
Momentum is still healthy but watch RSI divergence.
Volume confirms continuation, not exhaustion.
Prefer buying dips unless trendline breaks cleanly.
Let me know if you want a multi-timeframe confluence or position sizing calc.
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.