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.
Yesterday price action continued to consolidate in a tight range during normal trading hours. In after-hours, momentum started to move price action lower towards the prior day’s low and during overnight markets, it crossed below the 20MA. Overall markets continue to be in a multiple day consolidation range and failing to breakout or breakdown.
Pre-market Economic news and reports…
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Pre-market analysis indicated momentum starting to build on the 1-minute charts heading into the opening bell. After the opening bell, price action continued to move higher and after confirmation of higher highs and higher lows we took several ultra-aggressive LONG entries based on a breakout and 2 bar reversal patterns. Once price action went in our favor, took 2.0+ points profit several times.
Duration: 5+ minutes
For ultra-aggressive traders, during the first-hour session, there were 3 quality ultra-aggressive entries that could lead to quick small profits.
For traders focused on higher quality trading, there were 1 good candlestick or chart pattern setups for quick profits.
Mini Market Cycles Analysis:
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