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 continued the multiple day mini market cycle phase 4 in after-hours and overnight. Price action consolidated around the 20MA and form a series of lower highs and lower lows heading into the pre-market and opening bell. The 20MA remained below the 200MA as they converge away from each other and price action retested a significant support area before finding some minor support and retracing back towards the 20MA.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
Pre-market price action was in a mini market cycle phase 2, and we patiently waited for confirmation of higher low above the opening bell and we took several aggressive entries LONG, based on flag patterns breakouts and 3-bar candlestick reversal patterns and we captured 2.0+ points profit several times.
Mini Market Cycles Analysis: