TIGHT range today was an indicator that we would see a nice, extended break out. The 10 minute ES chart had two valuable trading zones. The first, the range run of the BOT levels and the break out. BO's that do not fail are expected to run +5 from the BOT level. No failure at +5, then a run to +10.
The second profit level today was the BO-5 run to the BO-10. The BO-10 stalled, suggesting a pullback to the BO-5 level. We got that, then a buy signal hit on B62 of the 5m chart and hinted at the level buys (longs) would be of interest. The bull PB hit a bear TL from the high of the day and rolled over for revived shorts. That middle zone was a +15 trading area.
ES 10 MINUTE CHART
No comments:
Post a Comment