pre-Market into opening (?) at support and below pivot
-scenario 1: if tests the circle at open but is below it, support could turn to resistance for a trend day down
-scenario 2: bullish test of yesterdays low (we are below it by a point) - further test is pivot is above by 5 points, test to pivot (trade is then a scalp as bear squeeze up could fail at pvt)
Idea is marked as long for scenario 2 scalp
-scenario 1: if tests the circle at open but is below it, support could turn to resistance for a trend day down
-scenario 2: bullish test of yesterdays low (we are below it by a point) - further test is pivot is above by 5 points, test to pivot (trade is then a scalp as bear squeeze up could fail at pvt)
Idea is marked as long for scenario 2 scalp
Trade closed manually:
same idea worked better on NQ which had a lower support line
s3.amazonaws.com/tra...shots/9/9NFaEA18.png
scenario 2 worked ok. ES 49 yesterday low was tested down to ES 48 at the open. NQ is way above it's pivot - ES is 2 points below it's pvt - harder to trade
s3.amazonaws.com/tra...shots/w/WmQxF5pT.png
s3.amazonaws.com/tra...shots/9/9NFaEA18.png
scenario 2 worked ok. ES 49 yesterday low was tested down to ES 48 at the open. NQ is way above it's pivot - ES is 2 points below it's pvt - harder to trade
s3.amazonaws.com/tra...shots/w/WmQxF5pT.png
s3.amazonaws.com/tra...shots/g/GoxUTi8D.png