Micro E-mini Russell 2000 Index Futures (Sep 2023)CME
Description
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If you look at the TrendCloud on the continuous contract you will see that it likes to go 5 waves up and then 7 waves down most of the time. It worth taking an aggressive entry at this demand zone because you have asymmetrical leverage. Meaning: the reward is much bigger than the risk. Go for it.
Comment
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Sorry guys I meant to say Long in the title not short. As you can see price ended up going above the 50 SMA on the TrendCloud.
Comment
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Now that price has recalculated we can wait for it to rejoin the HTF trend on the 4 hour chart.