OK, as we have seen on the Standard Blog, the 3min ES had a hard day, so now let’s take a look with Advanced eyes !
As usual, let’s start with the larger degree trend using the 15min Chart. As we can see here, the Gap Up took the 15min ES right into the Typical Wave 3 WPT resistance zone, so we should have been looking for sell setups on the 3min Chart.
Then later in the day, a TS3 buy came in, so we should have swapped to looking at buy setups. So let’s now move down to the 3min chart to see what trades there were....
Thanks, Steve
As usual, let’s start with the larger degree trend using the 15min Chart. As we can see here, the Gap Up took the 15min ES right into the Typical Wave 3 WPT resistance zone, so we should have been looking for sell setups on the 3min Chart.
Then later in the day, a TS3 buy came in, so we should have swapped to looking at buy setups. So let’s now move down to the 3min chart to see what trades there were....
Thanks, Steve
