ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
It's my view that HS and IHS are the 2 most reliable reversal signals in the markets. I don't see an IHS intraday however.No doubt trapped a few late shorts on that spike low. Let's see if they can carry us above 60 from here and later a new HOD.
We now have an IHS in place intraday for those who believe in that. I'm not sure if I do, but I sure as hell don't mind when they line up with my original hypothesis.
EDIT: This isn't trading advice. I can easily be wrong. That's why I use a stop.
maybe unfinished business at 4038.50
Yeah. Maybe. I can a see a small move below the LOD and still higher on the day. Not ideal of course - as I'm long.
I just don't think we'll see a big move lower today, but I may have misread. Let's see where she goes.
Trend remains long. You may be early but perhaps not wrong.
I see three swing lows here. Looked like an IHS to me at the time.
This last push lower did change the picture a bit, though.
I'm still bullish here, though. I don't see us selling off today.
I find it much easier to see IHS and HS by using a line chart. I just don't see it--