i do see a little more room to go down at this point, but will it be a test of low or new low, cant decode.The temptation was when price was going up. The lower high and reversal bar was a very nice short entry, but I missed it. Currently flat and feel it's too risky to initiate a trade from here as I have a short bias, but we're in a zone now where we can reverse back up intraday.
My main scenario for the rest of the day is that the HOD/LOD is set and that will most likely close around 72/75. Then again, I'm often wrong.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Short term buy signals in place at 64,50, but no follow through yet. Potential bottom here.
OTOH - Higher timeframes are looking heavy.
OTOH - Higher timeframes are looking heavy.
i would be very surprised if it did not at least test the low or made a new low. this is based on one signal, that i use for gauging the bigger trend, so if it does not happen in RTH then may be it is meant for later on. I am still trying to understand that signal to a pin point accuracy.
Why would you be surprised?
i will be surprised as my initial level of 63.00-64.00 was where i thought it would be the bottom but once we got there it looked like there is room for more downside at least maybe a test of the low. But you could be right it could be the bottom for todays short play as my decision is based on longer term signal and that could take more than todays RTH play to come to fruition. i will hold that bias till price gets above 72.00. As you said 72.00-75.00 is where it could range or go higher in MHO too.
What is"RTH"and "AH"?
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