I call this a 1-Line Trade. This is also not invented from me, but from my former mentor, Shane from MG. I think it would be wise to wait and observe price action. But I've placed my orders, since I made a couple hundred of them already in the past years. Let's see if we can participate here... P!
This is about what I have posted the last two weeks. 1. Kill the middle of the Sine-Wave 2. go up to the 1-Line (white, slanted) 3. and come down again. Take it as a potential, it's nothing more! P!
As I analyse the markets, I see a 1-Line-Trade Setup in the short term 15' on ES. I See two potential shorts: 1. back to my 1-Line-Trade (orange) Line and down or 2. filling the GAP and then down again Observing price action.