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ES - Massive Sell-Off With The Possibility Of A Continuation?

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As you guys know, when i am in situations like this, i aim for low hanging fruits as when you are betting against the overall trend, it's easy to get your ass handed to you !

5538 i the next draw on liquidity but the overall draw would be a liquidity pool located @ the volume imbalance @ 5500

交易進行

Monday witnessed a relief rally, presenting a opening gap before closing above the previous days high which gave bulls hope the upside was ripe and luscious, just for Tuesdays Volatility to sweep buystops, spike to the consequent encroachment of Mondays trading and Tuesday gap 80% into the bullish engulfing candle.

The draw on liquidity is the relative equal lows @ 5553.50 - 5542 with the end target @ 5538.

Current price action is 5578.25

交易結束：目標達成

Massive capitulation straight through the volume imbalance outlined at the beginning of the week.

End weekly goal of 5538 has been met!

Happy weekend guys!

(edited)

交易進行

Although it's been a slippery slope to the downside this week with Wednesday being the largest displacement for the week, i would like to see a retracement back upto the volume imbalance.

Aiming for low hanging fruits

交易結束：目標達成

Volume Imbalance met!

評論

Massive intraday manipulation to the upside, testing 50%+ of the previous daily range before sinking lower into the abyss.

What's next for ES?

Macro equilibrium located @ 5,371 is the next weekly draw on liquidity but as we are in nomans land, i would like to analyse which area of liquidity is prone to attack.

5,533 - 5,432 is the dealing range i have my eyes on for Fridays trading