Thursday, 21 May 2009

3min ES Short Part 2


Well, as always we look to the larger degree trend using the 15min Charts

And here we can see how the 15min ES was declining form DP resistance and still had further to decline before 15min DP support was reached. Therefore the Advanced Traders among you could have decided to let this short “run” a bit further on the 3min Chart to fall in line with the 15min Chart.

Steve