ES1!: Reference for Day Traders
Hello my little day trader friends!
Here are your reference points if you are trading the Asia open and/or the session tomorrow.
Keep an eye on that purple line. That is where we are headed.
Your other intra-day zones are identified in the boxes. I tend to suspect we should drift towards the higher green boxes, but if not, look for that yellow box to offer support. Should it fail to offer the support I suspect, then we can expect it to drift towards the red box.
Otherwise, the only thing I can confidently say is we will arrive at the purple target at some point tonight/tomorrow.
Best to all and safe trades!
EDIT:
There is a preference for the downside. Meaning that there is a preference we move towards the red box, with the immediate target after taking out the yellow box being 3987.
This has no bearing on the purple target though. That is still very much in play :-).
Here are your reference points if you are trading the Asia open and/or the session tomorrow.
Keep an eye on that purple line. That is where we are headed.
Your other intra-day zones are identified in the boxes. I tend to suspect we should drift towards the higher green boxes, but if not, look for that yellow box to offer support. Should it fail to offer the support I suspect, then we can expect it to drift towards the red box.
Otherwise, the only thing I can confidently say is we will arrive at the purple target at some point tonight/tomorrow.
Best to all and safe trades!
EDIT:
There is a preference for the downside. Meaning that there is a preference we move towards the red box, with the immediate target after taking out the yellow box being 3987.
This has no bearing on the purple target though. That is still very much in play :-).
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:o!