trutt79

trutt79

ES As of now, what we know is Friday's rally fizzled out into the afternoon session and was close to retest the low. This suggest the bears are still around to battle with the bulls for the bullish structure between 2420.5 to 2404. What is conclusive is that the uptrend has been broken and attempts to rally failed at 2440, which is now a bearish level. As long...

trutt79

From a pure risk to reward point of view, i could possibly wait for ES to rally back up to its previous structure (4HR) to short at 2455, with a stop slightly above 2480. This gives us a good Risk to Reward of 1 : 1.17 if the market returns to test support on 2430. It really depends on your risk appetite. You could wait until price rally into 2467, which would...