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Assessments / Blog 2017-09-22 ES #F No demand up wave As mentioned yesterday a reversal below 2495.75 will make the previous low volume up swing a no demand wave (lowest up swing volume since July the 19th). The current bar has not closed, but chances are that it will close below that level. The 2495.75 to 2492.75 area is a strong resistance zone where a lot of buying took place previously and for further weakness to develop, follow through to the down side with a break of this area (2492.75) will be needed. Keep an eye on the Volume Simplified Oscillator as it will be the clue for the next move to happen, and if Buying pressure develop a move back to the 2501.75 area can be expected. At the moment we got Volume Flow to the down side, Multi Time Frame alignment down and Selling pressure. Follow through to the down side should reach the 2487 area as mentioned on the 20th. See results of our Strategy on the MTF Tool trading the EURO RISK DISCLOSURE: 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. |