Assessments / Blog

ES #F Breakout and reversal

As expected after the prolonged low volatility, a break out came to the down side with an increase in volatility. No bar close below 2496.50 occurred and the break out immediately reversed after a Smart money down bar was formed. Another new high is possible but at the moment Selling pressure is still present, so a move in any direction can be expected from here. The current up wave in progress at the moment is the lowest up volume in quite some time (25.52k) and a reversal below the 2495.75 level will make it a no demand wave, which should lead to more weakness.

See results of our Strategy on the MTF Tool trading the EURO


The information delivered here is for educational purposes only and is not intended to be a recommendation to purchase or sell any of the stocks, futures or other securities referenced. All references are for illustrative purposes only and are not considered endorsed or recommended for purchase or sale by MC Trading.

Trading Forex, Stocks and Options, Futures and any Commodity or ETF contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results and no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. MCTrading has taken reasonable measures to ensure the accuracy of the information contained herein and on this website, however MCTrading does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or from an inability to access such information or any delay in or failure of the transmission or receipt of any instruction or notification in connection therewith.

Back Back to top