ES1! SPX500USD 2023 FEB 27
Scenario2 short on test & reject of 4094 yielded 50pts.
Scenario Planning:
1) Short if 4094 / 3928 is rejected
2) Long on support and accept of 3788 // 3928
Volume Analysis:
Weekly: Ave vol down bar close off low = No supply
Daily: Ave vol down bar close off low = No supply
H4: Very high vol up bar close off high = Supply present
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4094 3928
3788 3502-3580
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Have a profitable trading week.
