ES Update breaks 2nd MM 61.8%

CME_MINI:ES1!   S&P 500 E-mini Futures
From my last post, I mentioned a break of the second measured move's half way back will result in a price move up toward the full half-way back. Although we haven't reached there yet, if price does go there, we can consider taking short positions. However, one would need confirmation short before any entries, from the lower time-frames. At this stage we have had a no trade situation because no confirmation has been given. If however, price breaks past 61.8% of the full half-way-back, then we must consider long positions only once there is confirmation.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out