...in hindsight.
The @ES 60-min chart bounced just above a 61.8% retracement. Of course the bounce occurred in the Euro session.
Since Monday's Open the intra-day trend has been down.
Coming into this morning's session the 3/10macd was in a 3d setup multi-swing divergence.
Seed wave located within the shaded area.
A look in closer
and a closer look on the faster time frame
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.
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