Futures went into megaphone strategy — how to play

2021年1月29日

At the beginning of the week, ES_F established few trendlines creating a big probability for the start of the megaphone pattern, and we rocked it in the previous idea:

We will be looking at the bottom of the BB channel and allow it to extend a little bit to the downside whereas we know MMs like to kill stop-loss positions before bumping futures back into the game.

Watch the levels around 3690 for the long position until mid-bb or a little bit above it to the previous Fib column which yet still in play.

Also, be aware of rising VIX which can incur some down-pressure to the equities, however yet Fed promised to buy as long as investors are at risk.

Invalidation probably at 3670, however practical bottom 3640

2021年1月29日

註釋

Zoom out and we find that 3HR BB can provide us with some bottom for the dip if it will come with the London session

2021年1月29日

註釋

Currently bouncing of 2HR Bollinger, next is or range trade or 3H Bollinger with a trendline.

I would expect a push lower where the dip can be bought.

2021年1月29日

註釋

Closer to target, 3690 - 3680 for buy

2021年1月29日

註釋

Target printed, need to hold for taking it to the mid-BB channel

2021年2月2日

註釋

Target 1 reached for the trade, basically above the mid-BB is where the things can get shaky, and probably will.

Congrats to all followers for the Idea, we rocked this one