E-MINI Russel 05 MARCH 2021 1443 hrsyou can see the accumulation off of the demand line,
Could mark up here. Looks like it left an accumulation range and is already attempting to M/U.
does not matter though... wait for it to come down and clear that supply zone. If you enter long here, you may be buying right into weakness.
Look for no supply signal on the 5/15.
What is a no supply signal?
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Read the ticker dot com
Wyckoff analytics
Dee Nixon
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
When you set a target and wait for price to get there (proactive/decreased risk)
When you enter a trade when its already on its way to a target (reactive/increased risk)
M2K1! trade ideas
M2K set up for a super rare 4:1 R:R and possible crash!The Russell Micro is set up with a SUPER rare short opportunity here and possible crash. The 4H has made its third trend lower is under it's VWAP from highs and has put in a doji on the lows. The trade here is a pullback to 2065.5 with a stop at 2085.5 target at 1980 giving a 1:4 risk to reward ratio. I haven't seen a short setup like this in US equities in a VERY long time... as in, August 2008.