Good afternoon Folks,
We hope you're well,
Today we have been presented with an opportunity in the S&P500 stock index. Price has recently completed a breakout below support to press its way down to the daily liquidity zone. This liquidity zone is the area in which the MP's (majorplayers) will be aiming to trigger their long positions buying into the longer term trend.
We frequently use these zones to anticipate trend continuation AND counter trend trading opportunities being able to ride the waves the major players essentially make in the markets.
So at this time, price is currently coming up to the first hurdle and the last roadblock pre-entry for a position here.
What we are aiming for is a price breakout confirmed via the BCR rules (break close and retest). What we want to see is price breaking through the zone just above price at the time of this writing, then for price to come back down, retest the zone soaking up the last few remaining pending orders and increasing the liquidity for a surge to the previous all time highs.
Its all about timing guys, but so long as plan the trade and trade the plan, we should be just fine.
Catch you in the next one!
We hope you're well,
Today we have been presented with an opportunity in the S&P500 stock index. Price has recently completed a breakout below support to press its way down to the daily liquidity zone. This liquidity zone is the area in which the MP's (majorplayers) will be aiming to trigger their long positions buying into the longer term trend.
We frequently use these zones to anticipate trend continuation AND counter trend trading opportunities being able to ride the waves the major players essentially make in the markets.
So at this time, price is currently coming up to the first hurdle and the last roadblock pre-entry for a position here.
What we are aiming for is a price breakout confirmed via the BCR rules (break close and retest). What we want to see is price breaking through the zone just above price at the time of this writing, then for price to come back down, retest the zone soaking up the last few remaining pending orders and increasing the liquidity for a surge to the previous all time highs.
Its all about timing guys, but so long as plan the trade and trade the plan, we should be just fine.
Catch you in the next one!