[Soultrader]

My one trade for the day on the ES.



Concept: Market profile first. Open above value showing slight imbalance but within Fridays range. The test lower in A period left strong clues that value would develop higher. The markets then rotated up to break IB by approx 1.5times.

This concept here offers opportunities to go long at the lower range of the developing value area and to exit near the upper range. Second, I take a fib retracement and price is trading at an interesting level: the 61.8%.

Third, confirmation with price and volume. Please refer to chart. Thanks!