Emini setting up for a stop hunt on 4H
The 4H chart for
ES1!
has been making equal high tops since 10th August 2020. This means there should be a bunch of stops above the highs.
This also being the all time high, there's a very high probability of a stop hunt and then a push lower into demand zones below.
Direction bias :
1) Stop hunt in direction LONG
2) Followed by reversal SHORT
ES1!
has been making equal high tops since 10th August 2020. This means there should be a bunch of stops above the highs. This also being the all time high, there's a very high probability of a stop hunt and then a push lower into demand zones below.
Direction bias :
1) Stop hunt in direction LONG
2) Followed by reversal SHORT
Comment:
The price faked above the equal highs and is now going lower towards 3300