AlexeyWolf

E-MINI S&P 500. Education. Situation analysis

AlexeyWolf Updated   
CME_MINI:ESZ2023   E-mini S&P 500 Futures (Dec 2023)
In keeping with the idea outlined in the linked post, I wrote about the possibility of an aggressive short trade from the 4340.75 defense. Such an opportunity did indeed arise. Explanations for the diagram. After the seller defended the level, the price updated the local minimum, which means it reached the mandatory target for a short trade. Since the deal was considered aggressive, it had no further development.

Then the price reached another level of 4351, and from the protection of this level by the seller, a full-fledged short movement began

Good luck in trading!


Disclaimer:
This case study is for educational purposes only and does not constitute investment advice or recommendations.
The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
Comment:
Perhaps you yourself will be able to find protection by the seller at level 4351. It was there too, clearly visible, but not on the 2-minute timeframe (hint). Write your version in the comments.

Good luck with your trading!
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