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kind of descending triangle, so bias is down. yes, you could read it as a double bottom. just I think it's more likely a descending triangle. there's no absolutely right or wrong, only lucks.
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my game plan today is if it will turn out to be a range day I want to be closest to the top or bottom of the range as possible. I am hoping for one more down trend day. will it be or not will have to wait and see.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Thanks daytrading ES
FT71 estimates, Primary up to 2695.75 then down to 2687, consolidation, down to 2680 then finish the day moving into the bottom of yesterday's range.
Secondary down to 2687 (Overnight Low) then grind up the rest of the day into yesterday's range.
Expected target the weak double bottom put in on Tuesday and Wednesday.
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testing yesterday's low, key time. usual pattern is breakdown then sharp reversal, aka bear trap. let's see.
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Trades with cats wrote:Thanks daytrading ES
FT71 estimates, Primary up to 2695.75 then down to 2687, consolidation, down to 2680 then finish the day moving into the bottom of yesterday's range.
Secondary down to 2687 (Overnight Low) then grind up the rest of the day into yesterday's range.
Expected target the weak double bottom put in on Tuesday and Wednesday.
does this mean his primary scenario is
2695.75= hod
and
2680 = LOD
?
Educational only and not trading advice (EO&NTA) Good trading to all