ES1! SPX500USD 2023 MAY 15 WEEK

١٣ مايو ٢٠٢٣

ES1!
Are we seeing the bearish ascending triangle already?
As with NQ, tendency to take rotational trades has diminished.

Scenario Planning:
1) If market remain within 4163 - 4118 = No trade
2) Larger rotation 4198 - 4068 = trade at boundary of range

Volume Analysis:
Weekly: Lower vol down bar close off low = some demand present
Daily: Lower vol down bar close off low = some demand
present

Price reaction levels:
Short = Test and Reject | Long = Test and Accept

4303 4198 4163-4118 (No trade zone)
4065

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Have a profitable trading week.
*For educational purpose only.