Up trend on 3min YM

If you found it hard to see the uptrend yesterday, just take a look at the 3min YM, which unfolded in a “classic impulsive” pattern, of a 5-wave rally, followed by a simple ABC correction, which was followed by another 5-wave rally. This was a classis impulsive pattern to the upside.

This is why I always keep an eye on other markets, even if the trade is not on them, to help give you added confidence

Thanks, Steve

3min ES

OK, now we have set the trend as up yesterday let’s take a look at the 3min chart to see what longs there were.

As you can see, we did get one long trade that rallied nicely into the first profit target (that nailed the high of the day), for a nice +2.1R Profit (ignoring slippage and commission).

Thanks, Steve

15min trend

Hi Everybody,

As usual, let’s start with the 15min trend..... As you can see, the 15min ES was rallying up off the Typical Wave 5 WPT, so longs were the trades to consider yesterday...

Thanks, Steve