ES - Run On Buystops
Aktualisiert
Capitulation begun from last Thursday and if you was short throughout the beginning of this week, you would be sure to have booked a healthy piece of that explosive movement.
Not one day passed where ES printed bullish on the daily timeframe after last Thursday’s high @ 5257.50. Fridays bearish sell off was met by bullish resistance at the Jan 31 2024 daily bullish order block which shows that there’s signs that a retracement is in the cards.
With very little sellside imbalance buyside inefficiencies, that leaves ES with a potential bullish run upto 5120, over 100 handles if we was to reach the nearest imbalance in price action.
With the dollar selling off and YM shifting in market structure after sellstops was taken, this intermarket relationship would aid my bullish bias.
However, I am awaiting accumulation coupled with manipulation before the big news announcements on Tuesday. So Monday, I’d like to see a continued short term sell off before running intraday buystops, creating a bullish breaker.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Not one day passed where ES printed bullish on the daily timeframe after last Thursday’s high @ 5257.50. Fridays bearish sell off was met by bullish resistance at the Jan 31 2024 daily bullish order block which shows that there’s signs that a retracement is in the cards.
With very little sellside imbalance buyside inefficiencies, that leaves ES with a potential bullish run upto 5120, over 100 handles if we was to reach the nearest imbalance in price action.
With the dollar selling off and YM shifting in market structure after sellstops was taken, this intermarket relationship would aid my bullish bias.
However, I am awaiting accumulation coupled with manipulation before the big news announcements on Tuesday. So Monday, I’d like to see a continued short term sell off before running intraday buystops, creating a bullish breaker.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Trade geschlossen: Ziel wurde erreicht
Booked like a pair of tickets to the festival! Flawless projection with multiple areas of take profit (from a intraday standpoint) met.
Will be sitting on my heals for the remainder of the week awaiting for clearcut opportunities.
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