How to profit from rising wedge pattern – Day trading SP 500 [Video]
|Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 18 Sep 2020 trading session. In this video, I am going to show you the market recap during the last session and a trade review for a possible trade in the three-minutes timeframe (including entry, exit and the rationale behind). I talked about how to trade the rising wedge pattern in yesterday video. So, today's video, I will elaborate the detail with trading the rising wedge pattern using the S&P 500 trade as a case study.
Bias — neutral (Day trading); bullish (long term)
Key levels — Resistance: 3360-3380, 3425, 3450; Support: 3300, 3230
Potential setup — Look for potential reversal at the key levels.
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