2024.02.05 ES st sc

I would like some upside first with the 10am hi news => reversal to the downside with substantial decline => PMS reversal to the upside.
10am news can bring a lot of volatility that is why it is better to see the initial move and analyse the price action accordingly.

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Initial target for the drop on the 10am news has been reached. Looking for the signs of reversal

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First long setup is framing. I would like to see one more retracement down without a new low.

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LHS starts => I would like to see some consolidation and down retracement. Ideally without a new low.

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LHS - no correction yet, but I anticipate corrective retracement before the main move to the upside.

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Price dropped into anticipated retracement level. => Anticiptate one more leg up

Trade geschlossen: Ziel wurde erreicht:

Anticipate deeper correction.