NARROW RANGE BETWEEN THE BOT'S



In a narrow range day, price can spend energy floating between two of the targets, and either in the upper zone or the lower.  Since it is a narrow range day, the upper/lower break out become less successful.  The reversal move at the target becomes the trade of favor.

TODAY: ES AND 6E





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1. Market opens with a test of the long target, followed by a reversal below the EMA to a bullish TL from 6:45.
2. A higher low second long entry
3. continued failure at the long BOT, FBO's.
4. A stronger short, that breaks the area of the EMA, middle BOT, and the bullish TL
5. A double bottom Long (b54 and 59) with price consolidating at the 50% level of the zone ( mid bod -lower bot)/2 
6. Mid bot failure, also a lower high short opportunity.
7. An EMA failure short as price moves to complete the BOT range.

6E

 

1. The 6E began the day below the lower BOT, and we see a bullish trend crossing the EMA for a test of the BOT at the open.
2. Bullish TL with lower challenges from b1 to b13.  The EMA is the Resistance.
3. HL long that ends at
4. The LH reversal. 
5. Double low with b24
6. EMA failure short, also a LH