This commentary will focus on the first 60-90 minutes after the Opening Bell. However, our strategies can and will provide setups the entire trading day.
The Easiest Way To prepare for Scalp Trading the ES E-Mini Futures.
From a birds-eye view, price action crossed below the neckline on Friday and multiple swing pivot lows as price action aggressively transition to a mini market cycle phase 4. With momentum building, price action continued lower as it remained below the 20MA and eventually found minor support at the intraday lows area. Sunday afternoon, price action reopened and retested the prior day’ lows before slowly retracing above the 20MA heading into the pre-market and opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action reversed and crossed below the opening bell and we waited for a confirmation of a lower high and we patiently waited for a 3-bar reversal candlestick sell signal and flag pattern break down and took an aggressive entry SHORT and new intraday lows and captured 2.0+ points profit.
Mini Market Cycles Analysis: