Every freely-traded market makes a series of turning points during the day session of the regional stock market. You don’t need to master complex cycle theories or pay to join some elite trading group in order to utilize daily turning points. I can teach you how to spot them with conventional technical analysis
Scoreboard
ES: 9 wins / 0 losses
Chart Chat
Today’s pattern was another HI-LO-HI. This particular version – two bullish impulse patterns separated by a down-moving corrective pattern – seems to be quite common when the daily time frame is creating an underlying up trend. I can practically trade this one in my sleep. Have a great evening. Be back tomorrow.
Please click on the chart below to make it larger.
Today’s 3-minute ES chart