With the expectation being a draw up to all time highs before some form of rejection, we have seen that it is not the case.
Near term PD array at 5,995.50 is of interest
Near term PD array at 5,995.50 is of interest
Trade closed: target reached
Point of interest today was the nearby sellside imbalance, Buyside inefficiency @ $6,024.50 - $6,016.
$6,023.75 is the high for today. Negating the 3 ticks, the full range of the SIBI has been filled before a session selloff occurred.
Today’s daily candle is still trading inside of the previous days range with the next feasible draw being $5,962.25 - $5,918.25 daily FVG // BISI. Price has already traded inside of the range but I would like to see a candle body closure inside of the daily FVG.
To note, ES has traded into the mean threshold of the weekly order block @ $5,929.75 (which is inside of the daily BISI mentioned earlier) before a rejection.
I will be studying the week to see how price reacts in this area.
Note
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UK, London
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.