Week 4 Review: MES

Calendar week:

• Price is coming from previous candle low on both monthly and weekly intervals. Both bullish candle.
• There is a weekly bearish fair value gap at 61o7.50

• The daily is also bullish with an upclose candle last Friday.
• There is a bullish fair value gap on 5962. I will use this as my daily context boundary.
• I will look for entry between the Friday's high and the fair value gap. Daily context target at Friday's high 6051.75 and eventually the daily swing high at 6068.25

• Dropping down to the four hour interval, I can further narrow down the area where to place entry from the fair value gap at 6018.

Don’t trade what you believe should be happening, only trade what is happening even if it seems impossible. 
— Al Brooks

I am not a professional investment adviser and my opinions are based on my own technical analysis. Please consult an investment professional before making investment decisions.

Do your due diligence if or when placing a trade. All ideas stated here are my own and do not represent trading or investment advice.