A break in either direction will be a compelling entry opportunity.
ES Trend Following
- Thread starter Bombardier
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Quote from Bombardier:
A break in either direction will be a compelling entry opportunity.
Fwiw, descending triangles are typically bearish although they can be continuation of current trend. I have been watching the 1395 level like a hawk.
heres a video..of what I look for.
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Short @ 1398.50, Stop @ 1410.50
Interesting sell-off. I was actually looking for a break of the downtrend drawn in my previous chart. It almost appeared as if the market would materialize this scenario at the open, but we are about to break the support instead. Protective stop is at 1410.50, meanwhile I'm curious where this trend will take us.
Interesting sell-off. I was actually looking for a break of the downtrend drawn in my previous chart. It almost appeared as if the market would materialize this scenario at the open, but we are about to break the support instead. Protective stop is at 1410.50, meanwhile I'm curious where this trend will take us.
The trend is still downward. Toward the close, it almost looked like the market would break the downtrend but so far, my short position seems to be the best choice. Those spikes are extremely irritating and I'm wondering if there is any way to differentiate such spike from a potent turnaround. Do you look at volume?
Bought @ 1413.50, Stop @ 1398.00
Yes, the first time in a long while that I'm seeing the usual breakout reversal pattern.
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