mingjong

Rising Wedge Pattern explained in Price Action Trading 

CME_MINI:ES1!   S&P 500 E-mini Futures
Find out how to trade the rising wedge pattern in the price action trading method (Wyckoff method with volume spread analysis). 

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 17 Dec 2020 trading session. In this video, you will find out the market recap during the last session and a trade review 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 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: 3715; Support: 3700, 3670

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.

Related Ideas

Comments