NAS is pushing into the completion zone the of larger compound corrective (AB=CD) move. Has confluence with then longer term trend line and the 236 Fib measured from the Sep 21/20 low. I will be watchin for a lower time frame reversal pattern. Looking for a move back up into 14750 area.
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Got the overnight move into 14743. Now looking for a double bottom out of the lows for a second trade. A break above the 14743 pivot could yield a big move.
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In long again. Trailing stops. Just giving an example of how I scalp the futures intra day. Identify high probability reversal zones.. wait for lower time frame reversal patterns to confirm. In this case the trigger was higher higher/higher close on the 5minute at exhaustion support.
