Long ES with uptrend
Trend is up on the Daily chart and we are looking for entry below the Previous High.
Drumming down to the 4 hour chart it is evident there has been an accumulation close to the pivot before the impulsive move (big green candles).
Looking to buy at the BUY AREA with my Stop Loss set below the prior impulsive green 4 hour candle should the buy area fail. If it does there may be more opportunities closer to the swing low.
The only concern is that price is very close to the area at the time of writing and may not get the trade volume needed for movement out of the Buy Area.
Drumming down to the 4 hour chart it is evident there has been an accumulation close to the pivot before the impulsive move (big green candles).
Looking to buy at the BUY AREA with my Stop Loss set below the prior impulsive green 4 hour candle should the buy area fail. If it does there may be more opportunities closer to the swing low.
The only concern is that price is very close to the area at the time of writing and may not get the trade volume needed for movement out of the Buy Area.
Order cancelled:
We moved stop to break even where we were shortly stopped out after. The trade then blew through the Buy Area.
Reminder that the S&P is still very bullish so we should expect more of the same until proven otherwise.
Our 2 Profit Targets here are a 2:1 first target and the 2nd target will be somewhere before the ATH around 4550