UPDATE on ES futures
Updated
UPDATE : ES did exactly as planned for the week. There is nothing telling me that a new ATH will not occur. A break of Resistance at 4211 will create Breakout traders to come into the market and buy the breakout. Beware B.O traders this might be a fake-out and trap you ! It may stall at the 127% extension at 4216 to some profit taking! I will be waiting for the throwback to the newly formed level of demand at 4203 once it breaks 4211 (NOT A VALID LEVEL UNTIL PRICE CLOSES ABOVE 4211). Stay safe traders and investors and lets see how the first week of May ends!
ENTRY : 4203 (ONLY IF A CLOSE ABOVE 4211 OCCURS)
T1: 4216 (conservative T1)
T2: 4227
T3: 4255 (RUNNER)
STOP : 4191
ENTRY : 4203 (ONLY IF A CLOSE ABOVE 4211 OCCURS)
T1: 4216 (conservative T1)
T2: 4227
T3: 4255 (RUNNER)
STOP : 4191
Trade active
4203 Demand level has been activated. Sellers got shaken out and although there was a minimal stall at the 127% extension area. There was no problem for it to slash to new ATHs. Look for a throwback towards the 4200 area.Trade closed: stop reached
STOPPED OUT, part of trading. This is a probability business NOT CERTAINTY. Wash, rinsse, repeat. #TTC #TrustTheProcessNew analysis has been updated check it out on my bio
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