Here's a chart showing a 2 and 1hr chart of ES futures. Note on
the 2hr I point out a bullish symmetry break, largest bounce since
last Thursday's highs (symmetry is relative to the start of the
trend). This places high odds that the next pullback (relative to
this move) will form a higher low.
Note I point out a possible MACD KISS, Stoch OS setup that may
be in the process of forming this morning
Obviously at of news yet to come today and for the week
in that post I was bullish before the Fed because of that
symmetry break that occurred pre market gave you high odds at a
higher low. Obviously didn't tell you the SPX would rally 120
points but it got you bullish biased before Fed
and we've seen a lot of examples of symmetry breaks lately.
EEM 2 weeks ago broke symmetry, JO coffee ETF here
today etc
this morning I pointed out the symmetry break on ES futures 2hr
time frame, I said that put high odds at a higher low, which we
got. You can see that doji candle which formed a couple hrs after
the cash market opened -I was able to put a buy stop 1 tick above
that doji and was filled at 3964.25. You also had a MACD KISS/Stoch
OS setup
again was just a textbook setup and the symmetry break pre
market was your clue to look for a buy trigger.
Obviously price jumped on Powell talks, however the chart was
setting up well before he spoke.
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ES futures symmetry break
Posted by matt on 30th of Nov 2022 at 09:13 am
Here's a chart showing a 2 and 1hr chart of ES futures. Note on the 2hr I point out a bullish symmetry break, largest bounce since last Thursday's highs (symmetry is relative to the start of the trend). This places high odds that the next pullback (relative to this move) will form a higher low.
Note I point out a possible MACD KISS, Stoch OS setup that may be in the process of forming this morning
Obviously at of news yet to come today and for the week
I'm replying to my post
Posted by matt on 30th of Nov 2022 at 10:58 pm
I'm replying to my post from 9:13 am https://breakpointtrades.com/blog/post/384465/
in that post I was bullish before the Fed because of that symmetry break that occurred pre market gave you high odds at a higher low. Obviously didn't tell you the SPX would rally 120 points but it got you bullish biased before Fed
and we've seen a lot of examples of symmetry breaks lately. EEM 2 weeks ago broke symmetry, JO coffee ETF here today etc
played out perfectly! this morning I
Posted by matt on 30th of Nov 2022 at 01:49 pm
played out perfectly!
this morning I pointed out the symmetry break on ES futures 2hr time frame, I said that put high odds at a higher low, which we got. You can see that doji candle which formed a couple hrs after the cash market opened -I was able to put a buy stop 1 tick above that doji and was filled at 3964.25. You also had a MACD KISS/Stoch OS setup
again was just a textbook setup and the symmetry break pre market was your clue to look for a buy trigger.
Obviously price jumped on Powell talks, however the chart was setting up well before he spoke.