2ES at the end of day

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Re: 2ES at the end of day

by eric-pal » Tue Aug 22, 2023 9:30 pm

It is a bull trap. There isn't a reason to be going long there.

Look at the strength of the selloff. That is the key, and not counting. Expect a 2nd attempt to move lower, and trap the bulls entering early.

Note though that the end of the day can become tricky.

2ES at the end of day

by euphaedra » Tue Aug 22, 2023 7:53 pm

I usually avoid trading towards the end of the day, but this seemed like a pretty good setup.

It is not a 2ES by the tick, but I was looking at it from a big picture view

Good signal bar
Enough room to lows
At the beginning of measured move
Below EMA

https://imgur.com/a/4yqxmpV

Any thoughts?

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