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.

Two days ago, price action was finishing the momentum in a mini market cycle phase 4 with lower highs and lower lows.

As expected, overnight price action consolidated sideways after forming W-pattern (i.e., Double bottom).

Pre-Market Price action starting to build some momentum with price action crossing above the prior days highs.

So we watched our ES 5 Minute Complete rules and Market Cycle Analysis conditions for more evidence of setups for LONGS from Candlestick analysis, chart formations and patterns and price action.

Explanation:

Sorry, you do not have access to this content.

With price action rolling over after the opening bell, we took a marker lot position SHORT, and watched it move quickly towards our target. Price action went in our favor and we took 2+ points profit.

Note: You will have access to the commentary details if you purchased the ES 5 Minute Strategy or Membership plans that include it.

5-Next

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.