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 re-open on Sunday afternoon and continued to move lower until it found minor support slightly under the Fibonacci 50% level. Overnight momentum began to retrace and cross above the 20MA and eventually also crossed above the descending support trendline. The 20MA started to converge back upwards towards the 200MA heading into the opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
Overnight price action started in a mini-market cycle phase 2 in pre-market. We patiently waited for confirmation of a higher low and we took an aggressive LONG entry after the retest and 2-bar reversal candlestick pattern and price action slowly moved in our favor and we captured 2.0+ point profit.
Mini Market Cycles Analysis: