reason for kind of large pullback in ES.
This is reason for pullback in more diagram form. I am short from 3902. I took more large position because of potential and I stay in until I eather take half profit at 1st support or I get stop out. I won’t let this one go early.
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Just opinion but gap up open be dead cat bounce. Momentum is clear down. I will add to my short if it go to resistance.
Bình luận:
I wish for more data price or confirm down down channel of 2 light blue line. But looking down to 2 hour channel it feel convincing down channel. Think of lower time frame zooming in on google earth and higher time frame zoom out google earth. Most reliable lower time frame be 0.25 your normal trade time frame. And higher time frame be 1.75 trade time frame
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4h Tf price break below 3878.25, which be a major support this is a big power move. I may add more short if retested.
If price doesn’t hold neckline here, then trade in danger place.
Trade would be invalid and cancelled at ATH.