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risk based Measured Moves and Initial Risk from the daily chart ruling the current PA

I mentioned that already in my post from 12/13

the 12/12 on the daily chart is a decent Signal Bar (SB) for a Breakout Pullback Stop Entry short (also a test of the open of the year)
the smallest Initial Risk for that trade, that makes sense (for a trader on the daily chart) is the high of the SB, a SB stop Continue reading “risk based Measured Moves and Initial Risk from the daily chart ruling the current PA”

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E-mini ES 2018/12/20

Continuation, fEB, opening range, fBO LOY, 1fBO, fH2, DT, L2, HL MTR

the HL MTR was a spot on retest of 5 x IR, 5 x the MM of the 12/12 SB
(see other post from today)

daily chart
Always In Short (AIS) since 12/06
bears see a BP of the old low of the year (2530)
bulls might see a fBO SB, but it has a bear C, also 8 bars down