M2KU2023 SHORT

Short

Micro E-mini Russell 2000 Index Futures (Sep 2023) (CME_MINI:M2KU2023)

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CME_MINI:M2KU2023 Micro E-mini Russell 2000 Index Futures (Sep 2023)

waveanalysis indicator supplyanddemand supplyanddemmand wavecounting trendreversalpattern

If you look at the TrendCloud on the continuous contract you will see that it likes to go 5 waves up and then 7 waves down most of the time. It worth taking an aggressive entry at this demand zone because you have asymmetrical leverage. Meaning: the reward is much bigger than the risk. Go for it.

Commentaire:

Sorry guys I meant to say Long in the title not short. As you can see price ended up going above the 50 SMA on the TrendCloud.

Commentaire:

Now that price has recalculated we can wait for it to rejoin the HTF trend on the 4 hour chart.

Chris Juliano

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