Shown is the 4hr ES futures chart for the S&P 500, along with the "Level Break" & "Fisher Transform" studies.
Sidenote, I will be releasing some new scripts for TradingView this week! They will be more of a scalping/daytrader thing, looking forward to conversing about them.
~B3 d^.^b
- Notice how you can see clear areas of previous resistance or support and use them to weigh in your R:R structure.
- The short target of the next known support level is clearly shown in the low 3300's.
- Now, shorts can keep good a risk to reward ratio, also known as payoff ratio, by shorting in the red oval area with the stop at a previous support (to become new resistance in mid 3355 area).
- As always, shorts are quicker trades than longs, and especially on this time scale. So, be sure to lock in profits and don't let winners turn to losers!
- Note that the Fisher Transform on the 4hr is also a tell that the short could be done. Look at the green cloud in pic at bottom, eyes peeled here! I should also note that I don't take these strategy trades verbatim, they are only a guide.
Sidenote, I will be releasing some new scripts for TradingView this week! They will be more of a scalping/daytrader thing, looking forward to conversing about them.
~B3 d^.^b
Сделка закрыта: достигнута тейк-профит цена:
Ok, well now we will look for the long bounce... or at least a higher place to reshort. :) d^.^b
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To continue the analysis: twitter.com/Virtuoso.../1232194546731188226
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