2024.01.25 S-T scenario for ES

The possible short term development. I anticipate that there will be a move to the upside first and the displacement to the downside later. Though it is still not finished business with the historic high => HTF upside narrative is still in place

Commento:

Price made to the upside. One more high is anticipated => reversal down after.
1m TF is for the framing short setup. Just like in NQ. No divergence for now

Commento:

One more high on 1m TF is anticipated. Divergence with NQ. => reaction to the downside.

Commento:

Possible local high => ideal retracement for the possible short setup is on the chart

Commento:

Price is getting close to the first level of potential reaction to the upside

Commento:

Ideal retracement in place => acceleration down needed or up to the new high

Commento:

LHS can run on the sell stops. but the first downside target is reached => reaction to the upside at least.

Commento:

New low of the day is made. Possible reaction to the upside during PMS

Commento:

Divergence with NQ (no new low of the day) but after LHS => upside reaction is possible. In case of the bigger downside move => new low of the week is the next target

Trade chiuso: obiettivo raggiunto