ES short term trading 6-04
Here is a composite profile that includes all this consolidation from 5-20 including Tuesdays Trade. You may remember that Tuesday closed down at 1068 which is far below that huge volume node at 1085. This also shows what happened on Wednesday and today. Wednesday closed back above the 1085 and then today they established Value higher than Wednesday.
If I was writing an MP book then this would be "Textbook" with that high node at 1085 and then closing and building value higher today.
With any luck we will have a nice rally from here. The simplistic view is that if this rally fails then that 1085 becomes the attractor price and back down we go.
If I was writing an MP book then this would be "Textbook" with that high node at 1085 and then closing and building value higher today.
With any luck we will have a nice rally from here. The simplistic view is that if this rally fails then that 1085 becomes the attractor price and back down we go.
Click image for original size
Oh great..u'll enjoy that...Have you read Daltons Book?
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