ES Bear Flag Sell High 4425 Resistance Zone

I have my limit sell at 4429.50 for 5 micros risking $200

Targeting the fat green bar's high at 4390

I believe today will be a range day/ doji with slightly bearish bias.

There is a wall of selling pressure up ahead

1. Bear Flag in a down trend
2. 1 Hour 200sma declining
3. Daily 8 period sma declining
4. Supply Zone
5. 4425 Price
6. 4 Hour 21ema declining

I don't know if I will get filled or not, or, If I do, get stopped out. I am using an 8 point stop to allow for more room. I will be going to work tonight and will have to check price action tomorrow to see what became of this idea.

Commentaire:

Commentaire:

There is only 3 possibilities that can happen and I am ok with all three

Trade fermée: ordre d’arrêt atteint:

Right idea, wrong timing and price level. When you think it can't go any further, it finds a way to go even further than that.