ES, NQ, YM and TF are correlated instruments. Monitoring Divergence in price action between these instruments reveal a lot on the underlying strength of the Market. Divergence may be used as another criteria in detecting market strength along with Market…
Monthly Archives: February 2014
EOD-Feb-21-2014
Market closed on a Bearish note on Friday , 02/21. Value Area moved higher but price closed below Value Low. This indicated weakness in the market, forming a Higher Value Failure reversal setup (HVFR). If price gets rejected at Value…
Posted in EOD Analysis