Heres a ES chart from Friday. Semi-automated trade setups using price relationship to volume and MP resistance levels. The 1299 mark was
VAL from Thursday. I get 3 signals indicating weakness at/near the
VAL pivot.
First we are seeing price open above Thursdays high, rejected, and tank. Now the retracement tries to break back into Thursdays
value area. Then seeing bars of weakness indicates price is not ready to go back above into Thursdays
value area. So planning shorts around this level is a clear defined strategy using price action and market profile concepts.
