If you had never felt stuck in your life, you would never have taken any steps to make a change. Be grateful for the blessing of being able to keep fighting.
If not, we might continue to go higher, doing an expansion froam the current value area on daily and testing the pivot high, so i would say either scnearios have a big chance to happen, whatever happens first i will consider high probability.
Today's plan is simple again, i will be looking for the main pivot low as a point of interest to search for long continuation, if there is no intention to buy, i will be looking for shorts until prior value area
Why that? check the comments.
At the daily time frame, we have the chance of having a full rotation completed froam the initial pivot swing, thats why there is a good chance of having a short day and so we could confirm that the rotation was completed.
every scenario is just a scenario, everything can happen, its not our job to guess. Our job is to find those scenarios and be ready for whatever. If i need to get biased for something i would say either a continuation until mid range or ranging here between support and resistance
So far price finded continuation after de breakout so we know there is still interest on higher pricess, so today's plan is very simple.. we are in the middle between the support and resistance area's, so its important to see price reactions there.
More bellow.
But, if not, and price doesnet find continuation to buys, the more likely sistuation is that we either try to get back to the current balance area, bellow 7490 or we create a new kind of range between both support and resistance areas
Ended up playing another short, had a delayed entry for 1 point, wich also ended up being a be trade, would do it again, the idea was there, everything played as suposed.. sometimes it works, some times it doesent. But overall, was an amazing opportunity
Yesterday price held up the bottom range of the orange box, making almost a full rotation of that swing, wich is the red arrow.
Also, the intraday ideia was correct, couldnt catch the first short because it was to early in the morning.
More details bellow.
ES WEEKLY PLAN ( $SPX ) :
Starting with the higher timeframe:
Mechanically, price is at an important area. We are testing the pivot of the orange box, and if it fails to hold, the most likely scenario is a test of the pivot low at 7232.
+Intraday analysis in the comments π
Our job now is to determine if there's enough buying interest to sustain the move and push prices higher. Otherwise, all signs point to continued consolidation within the blue box. For now, however, the priority is to look for long setups until we reach the target.
ES WEEKLY PLAN ( $SPX ) :
Starting with the higher timeframe:
Mechanically, price is at an important area. We are testing the pivot of the orange box, and if it fails to hold, the most likely scenario is a test of the pivot low at 7232.
+Intraday analysis in the comments π
From a more intraday perspective, what we have is a re-acceptance of the previous value (2nd screenshot), where we're developing all these micro ranges, shown in orange and purple. ππ
The rotation of the blue range, the macro range, has been completed. At this point, price has struggled to expand beyond it, which puts us back into a rotational phase, but in the opposite direction.
Once again, pre market plan played as expected. Got stoped at the 1st try for 5 points, it is what it is, turns out to be the HOD and then a balance rotation that ended at be. And at the end, did a short using the same range and got stoped at 1.8rr using exit criteria. Green day
On Wednesday, value shifted higher, but yesterday we saw a lack of continuation. Today, during the Globex session, price managed to expand beyond the current range but struggled to re-accept that range, creating a new swing that could now be viewed as a new trading range.
ππ
If that doesent happen and we find struggle on sell pressure continuation, its more likely that we rotate to the mid again, maybe front running the single print? maybe filling it? we shall see!
On Wednesday, value shifted higher, but yesterday we saw a lack of continuation. Today, during the Globex session, price managed to expand beyond the current range but struggled to re-accept that range, creating a new swing that could now be viewed as a new trading range.
ππ