Wednesday, February 09, 2011 4:36:47 PM
ES intraday action...
here's the way it traded today on 3200 tick chart..
managed to get some scalps in trading the edges and ABC's but the setup i'm highlighting on here is the break out this afternoon. notice how it came back to test the lower TL of the ascending wedge with 50% retrace confluence. the target was 23% extension less a tick @ 1312.50 which was hit.
here's the way it traded today on 3200 tick chart..
managed to get some scalps in trading the edges and ABC's but the setup i'm highlighting on here is the break out this afternoon. notice how it came back to test the lower TL of the ascending wedge with 50% retrace confluence. the target was 23% extension less a tick @ 1312.50 which was hit.
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