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?
2ES at the end of day
Re: 2ES at the end of day
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.
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.