2024.02.12 PMS ES st sc
I anticipate upside and reversal later.
The new high is possible but less likely that upside retracement. Once the price gets into the target for upside retracement I will start to look for signs of reversal to the downside.
The new high is possible but less likely that upside retracement. Once the price gets into the target for upside retracement I will start to look for signs of reversal to the downside.
Comment:
Strong bearish bias. I anticipate one more small buy side raid => reverse down to new low. That is close to the 4pm => can be acceleration downside.
Trade closed: target reached:
THe new low is in place.
