OK, let’s now move down to the 3nmin Chart, where we can see that we had a classic high volume spike reversal setup at 14:09, where the Russell Index (TF) broke to new highs, but then reversal at the DP on a high volume (VSA) spike. This is a classic and perfect example of a blow off top and signals a reversal. Notice also how this fell in line with the 15min resistance as well – all in all a perfect setup...
This nailed the high of the day, off which the Russell fell sharply going straight though the initial target. The ATRStop then held the short trade into the close for a massive +11R Profit (ignoring slippage and commission)....
So here we are, with MTP nailing the exact high or low of the day on the US e-minis for the third day in a row ! I just hope you are all paying attention and making use of these powerful tools in MTPredictor................
Thanks, Steve
This nailed the high of the day, off which the Russell fell sharply going straight though the initial target. The ATRStop then held the short trade into the close for a massive +11R Profit (ignoring slippage and commission)....
So here we are, with MTP nailing the exact high or low of the day on the US e-minis for the third day in a row ! I just hope you are all paying attention and making use of these powerful tools in MTPredictor................
Thanks, Steve
