/ES pulling a setup for a tighter leg up.

H/s formation atm with a base measure and sprt target zone of 3820-3807. A buy alert set for 3820 with a stop 3805. Measured move of h/s and fib measure indicates another attempt at ATH and zone levels 3987 as a primary target to an extension of 4021. All invalidated with a trade below 3807, which is been a pivot on the hourly since 01/7/21.

Trade active:

Bracket order on MES filled. While it traded below my stop, by a .25$, i did not respect the stop and decided to adjust. Glad i did, had 3800 FLOOR broken ( psych level) STOP would have been fully respected. So far NEW stop is been moved to 3804.5, WILL NOT ADJUST. other than that now looking to break 3883 zone up for continuation or a solid minimum hourly close under 3843/3840, to bring my attn to the downside. otherwise hold for T1 3925/ T2 3942/45 ZONE/ AND FINALLY fib extension of original hmnc and tgt zone of h/S 3960/4022.

Cheers.

Comment:

P.S. if you dont want to hold or want stop profit levels, you could have a stc at 3849 to cap in 29pts if filled from 3820 ;).

let the rest ride, with a stop of course tho :).

Comment:

So far we had a huge a commendable move thru 3883 zone 4hr bar, with a gold cross in the works. STOP is still at 3849 as the 3851 was a "D" harmonic pt. buy signal. 3849 break locks in 29pts, but also signifies the BULLISH harmonic is broken, so ideally why stay in past this right.

Looking ahead now t2 and extension targets remain, hands off, i will be now watching for a break thru the right shoulder top 3926, which would nullify the bearish drop of the H/S, and indicative of a bullish rally setup.

Trade closed: stop reached:

Stop bracket was triggered today, on the break of 3849. Locked in 29pts, if you sold at T1 congrates on your 126pts. /ES is not at double bottomes at time of post 3804.75, i am long at 3807, stop at a new low or 3804, same upside targets with a tight stop, risking 3 of the 29pts we just made.

Hopefully another signal prints, until sitting on hands.

Cheers.