Thanks. Most likely - we have the LOD set here and should trade back up into yesterday's range from here, but most likely not above. I'm thinking at least from 3045 from here. Scratch that if we trade down to 3020 and that does not hold. I generally aim to trade based on probabilities and typical patterns. Lately some of the more uncommon patterns have played out. Even back to back. 2 this week alone. Probably because of the heightened volatility these days.
This PA is actually a consolidation off yesterdays sell off... break of 15 takes us to 2995 ... upside break of range takes us to 3055... a lot of air down south, fyi....
Agreed. 15 is the key level that must hold here. If that one breaks - 3000 easily. Trying to put in a bottom above yesterday's LOD here. I'm still bullish.
I just rage traded +4 points after my ES short got stopped out from moving my stop against my rules too early. How often does rage trading actually work out ? ALmost never..... Got lucky. Gotta keep my emotions in check today. Might be too much caffeine. who knows
Revised ... we have a 2 Bottom @ 12 ... key support here .... if broken 2989 ish target is first stop....
Generally, when a level breaks, you'd like to see some follow through. That didn't happen so far. Always nice when a level holds to the tick, but often it's more like a zone. 3015 is a key level on higher time frames, so they might bid it back up from here. But it's too uncertain for me, so not playing it. Still leaning bullish on the day, though.