As I have shown in my previous idea about CHoCH and BOS reversal entries, we have a potential reversal setting up on Nasdaq E-Mini futures.
As we can see in the 4hr chart, price has pushed above a 4hr high, which indicates a point of interest. Please be aware that the current 1 min TF structure does NOT indicate a verified reversal, but just a Change of Character. IF we also get a Break of Structure to the downside, it should confirm a move back down.
As stated, the current structure has only confirmed a CHoCH, but we need further confirmation before we can enter a Short position. A CHoCH itself does not confirm an automatic reversal.
If at any point we have a 1 min candle body confirm above the 15158 high for our structural bias, a continuation to the upside should be our focus.
As we can see in the 4hr chart, price has pushed above a 4hr high, which indicates a point of interest. Please be aware that the current 1 min TF structure does NOT indicate a verified reversal, but just a Change of Character. IF we also get a Break of Structure to the downside, it should confirm a move back down.
As stated, the current structure has only confirmed a CHoCH, but we need further confirmation before we can enter a Short position. A CHoCH itself does not confirm an automatic reversal.
If at any point we have a 1 min candle body confirm above the 15158 high for our structural bias, a continuation to the upside should be our focus.
