Day Trading ideas for May 2nd
Güncellendi
Often after a big move the next day is a consolidation day, be nice to not see that today but will sort of expect it. This consolidation range or chop zone is marked. In this zone will look to long from the bottom and short from the top, this is where my triggers help.
In teh event we move out of the chop with some volume and energy we have two possible plays 1) continue down in this event will look for a explosive break to play short from or a retest of the bottom of the chop zone to get short from, this idea will need to see volume. 2) A move out the top of the chop zone back up to 2935 area and much higher, will look for the same type of reaction a explosive play long or the top of chop zone retrace.
In teh event we move out of the chop with some volume and energy we have two possible plays 1) continue down in this event will look for a explosive break to play short from or a retest of the bottom of the chop zone to get short from, this idea will need to see volume. 2) A move out the top of the chop zone back up to 2935 area and much higher, will look for the same type of reaction a explosive play long or the top of chop zone retrace.
Yorum
Forgot to mention based on contract adjusted basis the ATH in ES is 2956, so yesterday gives us a double top, does it give a little retrace below wedge or stays in the wedge, we will seeYorum
On a smaller time frame this chart broke the chop zone low, then retraced tot eh bottom side of the chop zone before falling, just as talked about in the opening notes. We also got a trade signal short at 2911 so many in the trade room picked up 10 points on this short
Feragatname
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