Every freely-traded market makes a series of turning points that tend to occur during the day session of the regional stock market. They can range in number from two to four, but about 80% of the time there are three: HI-LO-HI or LO-HI-LO. You don’t need to master complex cycle theories or pay to join some elite trading group in order to recognize and utilize daily turning points. I can teach you how to spot them and exploit them with conventional technical analysis.
Scoreboard
ES: 6 wins / 0 losses
Chart Chat
Today’s 3-minute chart shows an apparent 5-point pattern (LO-HI-LO-HI-LO) based on the Parabolic SAR. But, based on the MACD (and on the 5-minute chart) there are the usual three: LO-HI-LO. Have a great weekend. Be back Monday.
Please click on the chart below to make it larger.