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.
Today, pre-market price action was consolidating in a overnight flag pattern.
With Price action inside the prior days range, we watched our ES 5 Minute Complete rules and conditions for a setup below the opening bell.
After a few minutes of price action, we get a ES 5 Minute Strategy setup to give us a SHORT entry today.
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The initial setup was extremely fast and provided a single bar profit target of 2+ points.