ES1! SPX500USD 2023 FEB 13
ES1! SPX500USD 2023 FEB 13
Scenario1 short yielded 200pts for 2 trades.
Test of breakout level 4084 seen.
Some demand has returned and possibility of formation
of rotation between 4175-4094.
Scenario Planning:
1) Rotational play = trade at boundary of 4175-4094 zone
Volume Analysis:
Weekly: Ave vol down bar close off low = No supply
Daily: Ave vol up bar close toward high = minor strength
H4: UHV up bar close toward high = Demand
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4094-4048 3928-3788
3580 3502 3231
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Have a profitable trading week.
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