Just to add to Daily ES. Bar completed a dip today after the point 3 bar on June 17. Daily bar has also FTT'd so far to the white dominant traverse - left trend line.
Exited for 16%. Looks like it will go down some more since PRV is at about 95%. However with the FMOC announcement, I did not want to take any chances.
Spydertrader, thanks for the charts. In your last pink down traverse why do you have point 3 on encreasing black volume? TIA.
Ask yourself a few questions, then 'see' if you can locate the answers. Does the increasing black Bar form in a Normal Fashion? Does how the 12:00 [close of] ES Bar form differ from how one 'sees' things at end of bar? Does the pink Down Channel later confirm with increasing red Volume? Does a signal for change exist? How should one have known, in advance, what to expect? Lastly, did we not just experience a very similar event (12:55 [close of] ES Bar). All times Eastern. - Spydertrader