Friday, March 2, 2018

The famous /ES 'double dip' strikes again

Fame in my mind at least. ES seems to bottom nicely for major bottoms, with 2 touches at approximately the same price level. For secondary intra-trend bottoms, however, it prefers to "double dip": first make a low with a candle wick and higher than previous olume on the 3min chart, then increment down a bit before reversing.

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