On the daily timeframe, ES swept the previous daily high (external range liquidity) and closed back inside the range—showing potential weakness.
Dropping down to the 15-minute timeframe, I’m expecting price to retrace into a 15M Fair Value Gap (FVG).
From there, I’ll be looking for continuation to the downside targeting:
🎯 TP1: Internal range liquidity
🎯 TP2: Previous day’s low
Bias remains bearish as long as price respects the FVG and fails to break higher.
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Dropping down to the 15-minute timeframe, I’m expecting price to retrace into a 15M Fair Value Gap (FVG).
From there, I’ll be looking for continuation to the downside targeting:
🎯 TP1: Internal range liquidity
🎯 TP2: Previous day’s low
Bias remains bearish as long as price respects the FVG and fails to break higher.
Follow us Veteran_Trade_Academy on IG.
"Trade with Discipline. Win with precision."
-Veteran Trade Academy
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.