Today the ES BOT ranges were unchanged, and there was a slight adjustment to the TF. The ES had a LB test just prior to the open, then flashed a BO long. This BO stalled, and a bracket was established for the next BO move. At this point, TF has not followed, suggesting the LB BO should fail. In fact, the TF had flashed a 50CB short.
Both developed a short reversal trend, with no clear exit until the channel has a BO. Targets (T1, T2) were set to +5 and +10, but are adjusted per the EMA action. Both stayed below the EMA and inside the channel. This is a clear hold for the trader, and requires moving the T2.
ES: click to enlarge
TF:
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