Prior post reported targets for the ES and NQ. As these approach (or hit) the BOT levels become even more important to capture reversal Break outs.
TWO DAY LOOK
Tuesday we saw runs to reach targets that were discussed last week, only to see a significant BO of the Lower BOT. See the similar BO today. Prior to that BO, we saw some FBO and a range run to the LB. For Rth charters, the "gap" was not filled. At the LB PA reversed for another range run followed by that key BO.
In a strong trend day, opposite or CT trades must be handled with care. Generally, second and third attempts tend to be better than the first. Long 1, 2, and 3 were discussed in the chat, with the L2 and L3 being considered as better opportunities, yet still CT.
TRADITIONAL LOOK
RTH LOOK
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