A key for the above (5-min) chart to define the horizontal lines and dots. For further explanation, see this link:
First hour
Breadth
Volume profile coming into the day, the opening rotations tested the previous day's High Volume Nodes
ES globex - basically the faster time frame "triggered" around the same time that the higher time frame did which resulted in a wider stop tolerance needed and longer patience for the consolidation ro resolve
Higher time frame - still potential for the faster time frame (65min) to pull back (fast line pull back to the slow line), but equally likely for a trend line break and a move back to the $157 area
No comments:
Post a Comment