Week in review: MES, MNQ, MYM

Calendar week:

• Market Structure: Bullish
• Pattern: Ascending triangle
• Narrative:
  • Trend may continue higher with the help of the weekly fair value gap at 6035.50, or
  • Price may sweep the sell side liquidity at 5976.25

• Market Structure: Bullish
• Pattern: Ascending triangle
• Narrative:
  • Price may continue to go higher from the weekly fair value gap at 21352.75, or
  • It may fill that daily fvg at 21134.75.

• Market Structure: Daily bars have been trending lower
• Narrative:
  • Price may continue to go lower this week from the fair value gap at 44093, or
  • Price may continue to go lower and retest the 50-day EMA

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.