Very busy day, sorry for the late post. The ES sold off early and made it’s push into our first 79.25 / 80.25, then crashed through and started rotating under our level. Around 11:15am, the ES finally reached the 74.50 / 76.50 area. The second rotation down provided a good long opportunity. I used a 4 PnF chart for this today’s snapshot, but the chart timeframe really does not matter. A 4 PnF can get you into a trade earlier (which is not always a good thing) and can force you to exit earlier. This was the case today. Price hit the target at 77 but the contracts were not filled. At this point, a conservative trader might move the stop to BE+1 to make sure the trade does not lose. A more aggressive trader would hold for the target or stop to be taken out.
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