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.
Detail Chart Analysis and Reviews provided in new & improved video format with audio.
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Pre-market Economic news and reports…
Overnight price action consolidated in the prior days range near the middle of the range. Pre-Market price action formed a mini W pattern (i.e., Double bottom) and began rallying with a series of flag patterns and higher highs and higher lows. After the opening bell, momentum moved downward and we started to see a lower high below the opening bell. Waiting for confirmation of another flag pattern and lower high, we took a SHORT entry on the 1-minute charts and after no follow thru we closed the trade with a 0.5+ point loss.
Duration: 3+ minutes
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