ES Futures — Plan for Fri, Aug 22 Intraday trend on 15m/30m remains down. The 6,396–6,407 band is the pivot/decision zone. Tomorrow’s session is dominated by Powell’s Jackson Hole keynote (10:00 ET) — plan around it.
Fundamentals & Risk Clock (ET)
• 10:00 — Fed Chair Powell speaks at the Jackson Hole Economic Policy Symposium. Treat this as the day’s primary catalyst; no new entries 09:55–10:05 per risk rules.  
• Otherwise, the U.S. calendar is relatively light vs. today’s prints; markets will key off the Powell tone and subsequent positioning.  
Structure Map (carry-forward levels)
Resistance / sell zones
• 6,396–6,407 (pivot/decision band) – acceptance above flips bias; failure sends us back inside the range.
• 6,412 → 6,418 – first upside magnets if the pivot breaks.
• 6,433–6,436 – underside of prior distribution (primary cap).
• 6,445–6,447 – secondary cap.
• 6,469–6,471 & 6,476 – upper supply/“failure” lines.
Support / buy zones
• 6,392–6,388 – LVN pocket; moves often accelerate through here.
• 6,386–6,382 – upper demand shelf.
• 6,375–6,370 – NY low cluster/first demand band.
• 6,366 → 6,357–6,352 – deeper HTF shelf if weakness extends.
Preferred Setup (A++): Range-Continuation Short
Take only with confirmation; score ≥9.
• Trigger: First 5-minute close ≤ 6,390.5 after a failed probe of 6,396–6,407, and the next bar fails to reclaim 6,392–6,394.
• Entry: 6,390.5 (MOS).
• Stop: 6,396.5 (≈6 pts).
• Targets:
• TP1: 6,375.5 (+15)
• TP2: 6,366.0 (+24)
• TP3: 6,358.0 (+32)
• Management: Scale ½ at TP1; move stop → BE only after a fresh 5m lower-low or a clean close through the TP1 zone. If no extension within 2×5m bars, cut to half/scratch.
• Disqualifiers: Thick support immediately stacks under entry or a 15m acceptance back above 6,396–6,407.
Flip Setup (A++ if accepted): Acceptance Long above Pivot
Counter-trend unless 15m turns; size accordingly.
• Trigger: First 5-minute close ≥ 6,407.5 and the next bar does not reclaim < 6,405.
• Entry: 6,407.5 (MOS).
• Stop: 6,401.5 (≈6 pts).
• Targets:
• TP1: 6,418.0 (+10.5 from trigger; acceptable given clean path)
• TP2: 6,435.0 (+27.5)
• TP3: trail toward 6,446+ if momentum persists.
• Disqualifier: Quick slip back < 6,405 after trigger.
Timing & Playbook
• Primary trade windows: 09:45–11:30 ET and 13:50–15:45 ET.
• Powell (10:00 ET): Plan around the speech; entries before the print must have exceptional quality, otherwise wait for post-event structure.
• MOC module (15:40–16:10 ET): Use the imbalance as a tiebreaker: modest (<$0.5B) = range; strong (≥$1B) can drive a directional push into the cross.
MES1! trade ideas
Jackson Hole FlipSetup: Short pullback to a rising trendline after a multi-week advance. Base case (black path) = choppy basementing → double bottom near trend support → sharp breakout and rapid mean reversion into the mid-6,400s. 🔁📌
Trade idea
• Instrument: ES1! (4H)
• Plan: Buy on breakout & hold / alternatively scale in on a clean retest of the trendline. 🟩
Key levels:
• 🛟 Trend support: 6,380–6,390 (double-bottom area)
• 🔓 Breakout trigger: 6,420 (clear close above = tactical entry)
• 🎯 Target 1: 6,450–6,460 (first take-profit band)
• 🎯 Target 2: 6,500–6,520 (upper channel test)
• ❌ Invalidation / stop: ≤ 6,350–6,360 (failure below this risks deeper retrace to ~6,265) 🛑
Rationale / catalysts:
• 🗣️ Jackson Hole / macro commentary could provide the directional impulse that favors risk-on flows.
• 🔀 Confluence of diagonal trendline + horizontal pivot increases probability of a stall-and-reverse.
• ⚡ Momentum: recent selloff has lost structure — favors mean reversion back to channel resistance.
Execution snippets:
• Long: enter > 6,420 (or scale in at 6,380–6,390 on tight risk)
• Stop: < 6,360 (adjust for position size & volatility)
• TP1: 6,450–6,460 — TP2: 6,500–6,520
• Risk: keep size small until breakout confirms; flip view if price closes below 6,350. ⚖️
Quick note: If price fails to hold the trendline and breaks 6,350 on momentum, rotate to a defensive stance — the path to ~6,265 becomes the higher-probability scenario. 🔻
Good luck — watch the breakout / retest closely and manage risk. 🙌📊
ES - August 21st - Daily Trade PlanI wrote a post on August 19th - Big Picture View of Price - You can see it in the related publication section to the right along with yesterday's trade plan that triggered a great short squeeze.
I wrote on August 19th - "6468 was the level that sold off in late July. Could this be the same level that causes another big sell off? I have NO idea, that is not my job.
I find levels that institutions step in and buy/sell at. I follow the institutions footprint and enter trades using my edge at predefined levels." - What happened the past 2 days of trading? We lost 100+ pts and institutions stepped in at 6362 for a short squeeze yesterday.
What will happen today? I have NO Idea, that is not my job. It is to find levels that institutions are accumulating and follow them when price goes up. When ES flushes like yesterday, you have to get out the way and let price reclaim a level above and enter and ride along. Every trader has their own entry and exit strategy. That is more important than just finding levels, unless you are a scalper!
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August 21st - Daily Trade Plan - 6am EST
Overnight price has been trading in a tight range between 6400 and 6420. IF, we are going to continue higher we need to reclaim 6420 and work up the levels with 6438, 6454 being the top targets above. Ideally, we see price flush 6400, recover and we can enter to move back up the range. IF, price cannot reclaim 6400-03, we will need to find support below at one of the levels in yellow (6384, 6373, 6362), reclaim and work back up to retest the 6400-03 level.
My lean is that IF, we cannot break above 6420, we have a high probability of retesting yesterday's 6362 low. IF, we cannot clear 6384 from below, I will be looking for reactions at 6349, 6342, 6333, for another squeeze higher.
After yesterday's flush, there will be FOMO from retail traders, and they will think the next short will be another 50+pts. We could easily trap shorts and snap back very fast at any of the levels below.
I will post an update at 10am EST.
ES 08/21 — Key Levels - Short Bias - Setups - Fundamental Setups (A++ first)
1) SHORT — Retest-and-fail of supply (preferred)
• Zones: 6,433–36 or 6,445–47 (upper band 6,469–71).
• Trigger: 5-minute bearish close back below the shelf (no retest required); size to full only if a 15-minute bearish prints within the next 3×5m bars.
• Risk: entry +6–8 pts.
• TPs: +15 / +27 / +42 pts from entry (e.g., 6,445 → 6,430 / 6,418 / 6,403).
• Continuation guard: within 2×5m price must extend the low or print a lower high while failing to reclaim the shelf; otherwise cut ½ or scratch to BE.
2) SHORT — Breakdown & acceptance
• Trigger: 5m close < 6,418 and no immediate reclaim next bar.
• Risk: entry +6–8 pts.
• TPs: toward 6,406 → 6,392 → 6,382–76.
3) LONG — Only if promoted
• Trigger: 5m close & hold ≥ 6,436 (offers pull/flip; next bar holds).
• Risk: 6–8 pts (around 6,430).
• TPs: 6,451 → 6,459–60 → 6,471–72.
• Stand-down: lose 6,436 on a 5m close or see offers reload overhead.
Execution windows: 9:45–10:45 ET and 13:50–15:30 ET; avoid new risk 11:30–13:30 without momentum/confirmation.
Key levels (from HTF → LTF)
• Pivot / line-in-sand: 6,463 (short bias while ≤ this).
• Supply / sell zones: 6,433–36, 6,445–47, 6,469–71 (cap), 6,476.
• Supports / magnets: 6,419–18, 6,406–03, 6,392–88, 6,382–76, 6,370, 6,357–52.
Fundamentals — Thu, Aug 21, 2025 (ET)
• 08:30 — Weekly Initial Jobless Claims (DOL). Weekly claims are published Thursdays at 8:30 a.m. ET. 
• 08:30 — Philadelphia Fed Manufacturing Index (Aug). Next release Aug 21, 8:30 a.m. ET. 
• 10:00 — Existing Home Sales (July, NAR). NAR schedules the Jul report for Thu, Aug 21 at 10:00 a.m. ET. 
• 10:00 — Conference Board LEI (July). Thu, Aug 21, 10:00 a.m. ET.  
• 10:30 — EIA Weekly Natural Gas Storage. Standard release Thursdays 10:30 a.m. ET; next release Aug 21.  
• S&P Global Flash US PMI (Aug). Scheduled for Thursday (check S&P calendar; release times shown in UTC on their site). 
• Jackson Hole Economic Policy Symposium begins (Aug 21–23). 2025 theme: “Labor Markets in Transition.” 
How I’ll adapt intraday
• A stronger-than-expected Claims/PMI/Philly Fed that lifts yields and the USD into 6,433–36 / 6,445–47 favors setup #1 (fade the pop).
• EHS/LEI at 10:00 can whipsaw a breakdown—prefer acceptance before pressing setup #2.
• If Jackson Hole headlines skew risk-on and we accept ≥ 6,436, switch to setup #3 toward 6,451/60/71–72.
ES Futures Trade Setup – Long Opportunity
🎯 **ES Futures Trade Setup – Long Opportunity**
📌 **Instrument:** ES
📈 **Direction:** LONG
💰 **Entry Price:** 6415.50
🛑 **Stop Loss:** 6353.98 (1 ATR below entry)
🏹 **Take Profit:** 6480.00 (\~64.5 points)
📏 **Position Size:** 3 contracts
💪 **Confidence:** 65%
⏰ **Timing:** Enter at market open
⚠️ **Key Risks:** Mixed short-term signals may cause volatility. Move below 6400 could invalidate trade.
✅ **Rationale:** Long-term bullish trend remains intact; favorable risk-reward despite short-term bearish momentum.
ES - August 20th - Daily Trade PlanYesterday, we followed the trade plan, and the levels were very well respected. You can find this under August 19th Daily Trade Plan - Also link to the right under related publications.
August 20th - Trade Plan - 5:35am EST
Overnight session high was 6438.25 and the low was 6408.75. This 30 pt zone has been consolidating overnight and we need price to flush the overnight low and reclaim or we need to clear the 6438.25 level, back test and then enter for a move to 6454 as first resistance level to take profits.
IF, we cannot flush and reclaim 6408, the next levels we are looking for price to react at are in yellow below, with a reclaim of the 6408 level being bullish. I like 6391 as best next level to flush and reclaim for a back test of 6408 and potentially move up the levels. IF, price is selling off and we do not reclaim 6391, 6369, 6350, 6333 are other key levels to look for price to flush and reclaim the next immediate level above price at that time.
I will post an update at 10am EST based on the NYSE open.
S 08/20 — Short bias below, Key Levels (watch FOMC minutes)Overview
Higher-timeframe trend has shifted lower. After failing at ~6,476, price broke the 6,446 shelf and printed a new low near 6,419 with expanding volume. As long as we remain below 6,463, I keep a short bias and will fade bounces into supply.
Key Levels
• Line-in-the-sand: 6,463
• Resistance / Sell zones: 6,433–6,436, 6,445–6,447, 6,469–6,471, 6,476
• Supports / downside magnets: 6,419–6,418, 6,406–6,403, 6,392–6,388, 6,382–6,376
Primary Plan — Bearish continuation
• Prefer selling failed retests into 6,433–6,436 or 6,445–6,447.
• Targets: first back to 6,419–6,418, then 6,406–6,403, and if momentum persists 6,392–6,388 / 6,382–6,376.
• Confirmation I want to see: intraday rejection wicks at the zone, momentum rolling over, and sellers stepping back in.
Alternative — Breakdown
• If price accepts below 6,418, I’ll look for continuation toward 6,403, then 6,392 / 6,376.
Invalidation / Neutralization
• Reclaiming 6,463 neutralizes the immediate short bias.
• Acceptance ≥ 6,471–6,476 opens squeeze risk toward 6,491 / 6,500; I’d stand aside on shorts until structure turns back down.
Event Risk (ET) — Wed 08/20
• 07:00 MBA Mortgage Applications
• 10:30 EIA Weekly Petroleum Status Report
• 13:00 U.S. 20-Year Treasury Auction
• 14:00 FOMC Minutes (Jul meeting)
Note: Expect headline-driven volatility around 14:00—I avoid initiating new positions into the release.
Posting Notes
This idea reflects levels visible on 1D/4H/1H (with 30m/15m for execution). I’ll update intraday if acceptance/rejection flips at the zones.
Sellers are in control but is it sustainableSettlers in the daily chart of the S&P 500 appeared to be in control based on Tuesday's movement and continued weakness in the early part of the Asia session. The charge is can this downward movement be sustainable. The next objective to the downside is 6410.
Day 12 — Trading Only S&P Futures | Big Loss LessonWelcome to Day 12 of Trading Only S&P Futures!
Today was a tough one. I started off leaning bearish after NVDA flashed a strong sell signal — chips usually lead the market — so I went in heavy shorting 6461. Got stopped out at 6471 for a big hit, and of course right after, the market flushed under 6450.
Tried again, but with poor entries, I was quickly down -592 on the day. At that point, I reminded myself of one thing: live to fight another day. Instead of forcing it, I scaled back, waited for cleaner setups, and clawed some of it back to finish at -295.
🔔 VX Algo Signals (9:30am – 2pm EST)
9:30 AM Market Structure flipped bearish on VX Algo X3!
9:42 AM VXAlgo NVDA X7 Sell Signal
10:30 AM Market Structure flipped bullish on VX Algo X3!
11:00 AM Market Structure flipped bearish on VX Algo X3!
11:20 AM VXAlgo ES X1 Buy signal
12:10 PM VXAlgo NQ X1DD Sell Signal
1:20 PM VXAlgo ES X1 Buy signal (double buy)
🔑 Key Levels for Tomorrow
Above 6465 = Flip Bullish
Below 6455 = Remain Bearish
ES - August 19th - Daily Trade PlanLast night I wrote a post "ES-August 19th- Big Picture View of Price" and you can find it in the related publications to the right.
I said " You can see that we are in a range of 6452-6508. IF, price loses the support of 6452, we will probably need to test 6390 or below. IF, price can regain control above 6472-76, we should retest 6508 then 6522, 6541."
At 6:15pm in the opening session we popped to 6476.75 and rejected. I had mentioned yesterday that 6476 was a massive resistance. As I type this at 2:01am EST price has come back down to the bottom of the range at 6454 with the European open coming up in the next hour.
I also stated last night the following " Without a catalyst, news or some other reason, price will most likely just continue to chop around overnight between 6453 - 6485. We need price to flush a lower level like 6450-53 to continue higher. IF, price loses that level and can't clear 6473-76, I believe we could continue lower pretty fast in which I would get out the way and let price build a new support level and reclaim the next level in yellow above that price."
Price is still chopping in this range and I anticipate a move out of the range today, one way or another. Today's levels have not changed since yesterday's trade plan. You can see the related publication to the right.
We have had a tight range between 6454-6477 overnight and price broke yesterday's low and is currently trying to move higher. Pretty straight forward from here. We need to clear 6465 to retest the overnight high at 6477. IF, price loses 6450-53, We would then be looking for a nice reclaim of 6461 level to move higher IF, price does not reclaim the 6465 level on the back test, we will most likely keep moving lower with 6439, 6426, 6409, 6390 are the next levels below with 6390 the weekly low from last week and should see a good pop back up the levels above. We can't keep moving higher unless we reclaim 6477 level.
We could continue to chop around today until a news catalyst breaks the range and moves us one way or another. As I have stated, I like price to flush 2-3 levels, scare the retail trader, then short squeeze higher. The yellow levels should help you navigate price and a reclaim of a level is a good way to get a quick 10+ pts to the next level.
Looking for short on ESI never like to pick tops in markets. However, as we sit just below all-time highs, I see far more downside risk in this market than I do upside potential. Whether it's tariffs, prolonged wars, increasing inflation, or the fading shine of AI valuations, I struggle to see how we can sustain these PE ratios.
The last few trading days have been very low volatility, but the interesting thing I'm seeing is significant negative Cumulative Volume Deltas (CVDs) in the last hour of trading recently. This is telling me that we are not pushing these all-time-highs with strength, and that the market is cautious at the moment.
I don't think we'll push straight down, but I will look to take and hold on to a short if we get a pop that can't be sustained.
ES Analyses 08/19 Rejection short from 6479–6485 (OB + PDH)Fundamentals (what can move ES)
• 08:30 ET – U.S. New Residential Construction (Housing Starts/Permits). First move risk right at the print; can nudge yields and risk appetite. We’ll let the initial spike settle and then act on the HTF levels below. 
⸻
Key levels from your charts
Numbers rounded to the quarter where needed.
• PDH: 6484.25
• PDL: 6456.00
• ONH: 6475.25
• ONL: 6462.00
• RTH VWAP (today): 6466.50
• PMH / Asia H cluster: 6470.5–6471.75
• 30-min supply / OB: 6479–6485 (overlaps PDH)
• Liquidity/defense zone (“strong low”/Mon swing): 6452–6456
Think of 6468–6472 as the intraday “equilibrium” band we’ve been ping-ponging around; acceptance away from this band is what should start the 15+ pt drive.
Context: We press into the 30-min supply shelf that capped NYPM today.
Trigger: Price trades 6479–6485, stalls (wicks/absorption on Bookmap, cumulative delta fails to make new highs), then reclaims below 6471–6472 (PMH area).
Entry style: Stop-market on the reclaim or limit into a micro pullback after the failed pop.
Invalidation: Above 6486.50 (clear acceptance above PDH/supply).
Targets:
6468–6470 (back to equilibrium),
6462 (ONL),
6456 (PDL / strong-low).
From ~6482 to 6467 = 15 pts; stretch to 6456 = 26 pts.
Order-flow tells: Offers replenish 6480–6485; iceberg/absorption on up-ticks; delta divergence into the level.
Timing
08:30 ET data: stand aside for the first 2–5 minutes; let the impulse show its hand, then look for our triggers.
Federal Reserve Bank of New York
NY AM window: 09:45–11:30 ET.
NY PM window: 13:30–15:30 ET (if morning doesn’t give clean structure).
ES - August 19th - Big Picture View of PriceI wanted to post a 4hr chart of ES since we broke out in June and hit the 6245 zone July 1st. As you can see there are some clear levels of institutional buying. 6245 became support since July 2nd and we have tested this level 3X with last being August 1st. Each time institutions bought at this level and have been selling at higher prices. You can see that on July 31st we hit 6468.75 and price sold off nearly 225 points and buyers stepped back in on August 1st at 6245 and the cycle begins with selling at resistance and buying at supports of 6315, 6333, 6390, 6453-6456. WHY has price been very choppy in this 6456-6472 area? Price is either accumulating or distributing, but we never know until price loses a big support or resistance.
You can see that we are in a range of 6452-6508. IF, price loses the support of 6452, we will probably need to test 6390 or below. IF, price can regain control above 6472-76, we should retest 6508 then 6522, 6541.
6468 was the level that sold off in late July. Could this be the same level that causes another big sell off?
I have NO idea, that is not my job.
I find levels that institutions step in and buy/sell at. I follow the institutions footprint and enter trades using my edge at predefined levels.
I will be posting my Daily Trade Plan for August 19th before 8am EST. Without a catalyst, news or some other reason, price will most likely just continue to chop around overnight between 6453 - 6485. We need price to flush a lower level like 6450-53 to continue higher. IF, price loses that level and can't clear 6473-76, I believe we could continue lower pretty fast in which I would get out the way and let price build a new support level and reclaim the next level in yellow above that price.
Day 11 — Trading Only S&P Futures — Mixed Signals, +$199Welcome to Day 11 of Trading Only S&P Futures!
Today was all about adapting and not forcing trades. I’ve noticed I usually perform best later in the day, so I’ve been starting with smaller contracts to warm up. Profits started rolling in, but things felt different — market makers kept flipping structure and trying to trap traders.
I was expecting more downside, but once I saw the MM games, I decided to protect profits and lock in +$199.20 instead of being greedy.
📰 News Highlights
STOCKS END MOSTLY FLAT TO START THE WEEK AS INVESTORS LOOK AHEAD TO POWELL SPEECH, RETAIL EARNINGS
🔔 VX Algo Signals (9:30am – 2pm EST)
7:01 AM Market Structure flipped bullish on VX Algo X3!
9:58 AM Market Structure flipped bearish on VX Algo X3!
9:58 AM VXAlgo ES X3DD Sell Signal
11:30 AM VXAlgo NQ X1DD Sell Signal
12:30 PM Market Structure flipped bullish on VX Algo X3!
12:50 PM VXAlgo NQ X1DD Sell Signal
2:00 PM Market Structure flipped bullish on VX Algo X3!
🔑 Key Levels for Tomorrow
Above 6460 = Remain Bullish
Below 6450 = Bearish
ideia para o S&P500 18/8Price made a new lower this morning on a 2H, but on a LTF its a balanced buy, theres no agrressive or FVG in a LTF. my key level for buys is the price keep above the last agressive buy and old time high on 6.470 that coincidently and probably will be the VWAP. If the price goes above and rejects 6.470, i'll think on sell.
ES - August 18th - Daily Trade Plan3:30am EST - Daily Trade Plan Update
We had a tight range between 6467-6484 overnight and price broke the overnight low and have found buyers at the 6462 level. Pretty straight forward from here. We need to clear 6472 to retest the overnight high. IF, price loses 6460 we will most likely retest the 6453 level which was Friday's low. We would then be looking for a nice reclaim of this level to move higher. IF, price does not reclaim the 6460 level on the back test, we will most likely keep moving lower with 6429, 6408, 6390 are the next levels below with 6390 the weekly low from last week and should see a good pop back up the levels above. We can't keep moving higher unless we reclaim 6472 level.
Initial Plan below - Also can be seen in the related publication section to the right.
Our first support down is 6462 then 6453. Ideally, we can flush one of these levels, reclaim and move higher with this week's targets being 6522, 6540, 6562, then 6588.
IF, price does pullback and can flush either 6452, 6426, 6390 as key areas to be tested and try to keep the bullish trend in play. IF, we lose 6390, that would be concerning in the short term, and price will need to find another yellow support line below for a reclaim back up the levels.
Above 6390 and we should continue up the levels of 6522, 6540 with very bullish case up to 6588.
I have posted my weekly view and can be viewed by clicking the link under related publications. We did meet our weekly targets last week as discussed in the weekly plan.
ES (S&P 500 Futures) - Week Plan Aug 18–22Context (W/D/4H/1H/30M): ES is consolidating just under 6,500. Price is boxed roughly 6,466 ↔ 6,504/12 with a cluster of highs above and recurring demand tests below.
Key Levels (zones, not single ticks):
Resistance: 6,504–6,512 (near-term lid). Above that: 6,520–6,550 (weekly supply/“weak high”).
Decision level: 6,492–6,495 (where control often flips intraday).
Supports: 6,464–6,466 (first support) → 6,436–6,440 → 6,380–6,395 (deeper support).
How to read it:
Bull path: A firm break and hold above 6,504 favors a push toward 6,520 → 6,535 → 6,550.
Bear path: Failure at 6,495 or a clean break below 6,464 opens 6,440 → 6,390.
If price stays between 6,466 and 6,504, expect range behavior until a catalyst pushes it out.
Scenarios (next week):
Range continues: Chop between 6,466–6,512 until mid-week events.
Upside break: Hold above 6,504 → test 6,520–6,550 (watch for reaction there).
Downside break: Lose 6,464 with momentum → 6,440, then 6,390 if pressure persists.
Key events (ET):
Wed: Federal Reserve meeting minutes (afternoon).
Thu: Weekly claims; flash PMIs; existing home sales (morning block).
Thu–Sat: Jackson Hole economic symposium (watch for policy remarks).
Notes: Levels are zones and may see initial reactions before acceptance or rejection. This post is for market commentary/education only.
clear uptrend, with a resistance turned support (confirmed)=BUY1. a small entry of sellers followed by a strong sell off with
an inability of buyers to really do much of anything, resulting in a
lack of back and forth aka structure
2. buyers enter and slowly begin building momentum, the lack of
volitility for me signals a disinterest by sellers rather than buyers
coming in and taking out alot of selling volume
3. switch and test, ' Shelf ' of support seems to be established
* what do I think is going to happen ?
* this chart is very interesting in that there are really only 3 interesting
areas , the sell off, the uptrend, and now the switch and test,
which tested successfully I might add
* this shelf of support alongside the defeat of the strong sellers from #1
signals a ton of space upward, a clear buy signal for me
* once again I am wary , if there is this much conviction, usually price
likes to whip the other way , luckily we have our handy dandy zones
* we have a 71% follow through rate using the chaos theory indicator, if a candle closes, to the upside , to reach the next orange zone, so we will hope to not get wicked out and place a stop buy order.
*expecting high volitility and big buyer interest, a buy stop is appropriate
return to liquidity grab signals bull, else bear1. switching from strong volitlity into a running flow
2. establishment of interest from sellers
3.strong dump to (trigger sell stops ) from 2.1 ( buyers stopped out ) , take opposing position and use the extra volume to push past 2 , creating 4 and establishing a solid structure at 1 as the hard dump could not / was not interested in going below there, the dumpers who are our buyers now, they could possibaly have their stop loss just below #1
5. reaching zone end, and as per chaos theory we reached an expansion target, with MFI and RSI oversold it could be a push at least to the next expansion target, though this is not offical chaos but a more risky zone end ossolation play.
* if I'm wrong. maybe it'll move heavy against me ? will add a position there just in case , sometimes everything points 1 direction just to go the other
* Indicators used :
- Chaos theory : available for free on my script page
- RSI and MFI : available for free from community scripts