Descending triangle chart pattern trading strategy - S&P 500 Day

E-mini S&P 500 FuturesCME

Description

⋅ Nov 6, 2020 8:25 AM

Find out how to profit from descending triangle chart pattern by trading with the right context with supply and demand in the trade review section.

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 6 Nov 2020 trading session. In this video, you will find out the market recap during the last session and trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later.

Watch my daily market analysis video in the last session below if you haven't in order to better relate to the market recap and the trade review.

Bias - neutral (Day trading); bullish (long term)

Key levels - Resistance: 3540, 3500–3520; Support: 3480, 3400–3420

Potential setup - Look for potential reversal at the key levels.

Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.

Comments

illuminating_trade

⋅ Nov 8, 2020 7:22 AM

Thanks for your prediction!
I think long position has returned as the 46th president is confirmed.:)

mingjong

⋅ Nov 8, 2020 8:36 AM

@danta_master, Welcomed. Looking bullish! Last week was the best performance since May 2020.