MisterPocket618

MisterPocket618

I spent the day charting and came up with this interesting bearish scenario for the ES1! Confluences at point C of the ABCD zigzag include: 0.618-0.660 fib retracement pocket 0.618-0.660 fib band on reflected pitchfork Oversold on the Money Flow indicator Bordered by 1.382 and 1.786 Fib Time Pivots Looks similar to the peak on Aug 16th So if the reversal plays...

MisterPocket618

Quick scalp based on the assumption that we will maintain this range structure (for now). Entry at the range VAL Take profits 1 and 3 at the 0.618-0.66 Pockets / CCs on my LiquidFibs indicator. Take profit 2 near the midpoint on a low volume node. Take profit 4 up in the buying tail.

MisterPocket618

Hello Traders, I'm outlined how I came to my trading plan for the day. Notice I waited for the grey box to form as the the move during the pre-market is typically a fake move. I'm anticipating that they'll be looking to come back down and take out those longs. The liquidity is there!