ロング

ES Break Out Pullback Bear Trap 3950 Entry 75 Point Target

アップデート済

4 Hour Trend is Down

15 Minute Trend is Up

5 Minute Trend is Up

Looking for a pullback somewhere at 3945-3955 area for the next higher low

Longer term I am bearish but short term is bullish

Break above 3994 will CONFIRM the bear trap and the measured move takes it up to 4100 where you will find some SERIOUS resistance

Here on the 2 Minute chart, about 14 Hours before NY Opens. I want to practice my skills of drawing channels in anticipation of NY Open. This is one skill I am currently working on, the ability to draw great channels ahead of time. I am using the 200sma in conjunction with round numbers with multiple touches. Top channel, Mid channel, and bottom channel. In an uptrend I want to be a buyer, close to bottom channel and close to round numbers.