15min trend

Hi Everybody,

Yesterday was a good example of what happens when the larger degree trend does not pan out as originally anticipated......

Here we had a TS3 sell on the 15min ES early in the day, so that set the larger degree trend to down. But, the ES only declined slightly before reversing and then rallying to new highs.

So does this mean that our analysis was incorrect ? Let’s take a look at the 3min chart and see............................

Thanks, Steve