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Yoo_Cool

2024.01.25 S-T scenario for ES

Short
E-mini S&P 500 Futures (Mar 2024) (CME_MINI:ESH2024)  
Yoo_Cool Updated   
CME_MINI:ESH2024   E-mini S&P 500 Futures (Mar 2024)
Beyond Technical Analysis fronttest
2
0
beyondta fronttest
The possible short term development. I anticipate that there will be a move to the upside first and the displacement to the downside later. Though it is still not finished business with the historic high => HTF upside narrative is still in place
Comment:
Price made to the upside. One more high is anticipated => reversal down after.
1m TF is for the framing short setup. Just like in NQ. No divergence for now
Comment:
One more high on 1m TF is anticipated. Divergence with NQ. => reaction to the downside.
snapshot
Comment:
Possible local high => ideal retracement for the possible short setup is on the chart
snapshot
Comment:
Price is getting close to the first level of potential reaction to the upside
snapshot
Comment:
Ideal retracement in place => acceleration down needed or up to the new high
snapshot
Comment:
LHS can run on the sell stops. but the first downside target is reached => reaction to the upside at least.
Comment:
New low of the day is made. Possible reaction to the upside during PMS
Comment:
Divergence with NQ (no new low of the day) but after LHS => upside reaction is possible. In case of the bigger downside move => new low of the week is the next target
Trade closed: target reached

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Yoo_Cool
2024.01.25 NQ s-t scenario
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