Lets start with the macro Idea
As of now if ES goes above WAVE B high (4198), I am bullish however if it doesn't then I will incorporate this trading idea.
A head and shoulder pattern is forming in the daily chart, which is an extremely common structure in Ellliot waves 1 and 2.
This is because it is a liquidity grab so ES can go up high into the next wave 3.
Right now ES seems to be completing its wave B and into Wave C which should take us below wave a swing low of 3840 (PT1)
I am currently looking at short positions with high R:R.
After liquidity graB aka( wave2), we can look for long positions for the start of wave 3.
Given the state of the current economy, I think this last liquidity grab is important before we can move higher.
Please share your feed back, I am excited to know your thoughts!
If you have any questions I would love to answer them!
As of now if ES goes above WAVE B high (4198), I am bullish however if it doesn't then I will incorporate this trading idea.
A head and shoulder pattern is forming in the daily chart, which is an extremely common structure in Ellliot waves 1 and 2.
This is because it is a liquidity grab so ES can go up high into the next wave 3.
Right now ES seems to be completing its wave B and into Wave C which should take us below wave a swing low of 3840 (PT1)
I am currently looking at short positions with high R:R.
After liquidity graB aka( wave2), we can look for long positions for the start of wave 3.
Given the state of the current economy, I think this last liquidity grab is important before we can move higher.
Please share your feed back, I am excited to know your thoughts!
If you have any questions I would love to answer them!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.