{"id":114006,"date":"2021-03-23T06:20:00","date_gmt":"2021-03-23T13:20:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=114006"},"modified":"2021-04-21T04:07:48","modified_gmt":"2021-04-21T11:07:48","slug":"emini-high-1-end-of-1st-quarter","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/market-update\/emini-high-1-end-of-1st-quarter\/","title":{"rendered":"Emini High 1 bull flag buy signal at end of 1st quarter"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Emini and Forex Trading Update:<br>Tuesday March 23, 2021<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Pre-Open market analysis of daily chart<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Yesterday triggered High 1 bull flag buy signal on daily chart near end of 1st quarter. Magnets above are the 3,950 and 4,000 Big Round Numbers, and last week&#8217;s all-time high.<\/li><li>Bulls hope there will be enough end-of-quarter window dressing to test 4,000 by end of March.<\/li><li>Since yesterday was a buy climax day on the 5-minute chart, there is a 75% chance of at least a couple hours of sideways to down trading, starting by the end of the 2nd hour today.<\/li><li>Increased chance of trading range trading today: Day after buy climax day; yesterday was 50% pullback of last week&#8217;s selloff; and now at middle of 8-day trading range.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Overnight Emini Globex trading on 5-minute chart<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>The Emini is down 11 points in the Globex session. <\/li><li>Yesterday&#8217;s bull trend immediately reversed into bear trend without any transition. That is unusual and  reduces chance that today will gap down and form Bear Trend From The Open. <\/li><li>If there is an early bear trend, there will probably be an opening reversal up, into trading range or bull trend.<\/li><li>If Emini enters a trading range for an hour or two, the bears will have a better chance of then getting a bear trend day, from a possible lower high major trend reversal.<\/li><li>Bulls are hoping that yesterday&#8217;s late selloff and today&#8217;s gap down is just a pullback from yesterday&#8217;s strong bull trend.<\/li><li>Big Up, Big Down creates Big Confusion, which increase chance of early trading range today.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Yesterday&#8217;s Emini setups<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/Emini-bull-trend-from-the-open-and-small-pullback-bull-trend.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/Emini-bull-trend-from-the-open-and-small-pullback-bull-trend-680x383.png\" alt=\"Emini bull trend from the open and small pullback bull trend near end of 1st quarter\" class=\"wp-image-114066\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/Emini-bull-trend-from-the-open-and-small-pullback-bull-trend-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/Emini-bull-trend-from-the-open-and-small-pullback-bull-trend-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/Emini-bull-trend-from-the-open-and-small-pullback-bull-trend-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/Emini-bull-trend-from-the-open-and-small-pullback-bull-trend-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/Emini-bull-trend-from-the-open-and-small-pullback-bull-trend.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p class=\"caption\">Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a red rectangle. Buyers of both the Brooks Trading Course and Encyclopedia of Chart Patterns have access to a much more detailed explanation of the swing trades for each day (see Online Course\/BTC Daily Setups).<\/p>\n\n\n\n<p class=\"caption\">My goal with these charts is to present an Always In perspective. If a trader was trying to be Always In or nearly Always In a position all day, and he was not currently in the market, these entries would be logical times for him to enter.<\/p>\n\n\n\n<p class=\"caption\">If the risk is too big for your account, you should wait for trades with less risk or trade an alternative market like the Micro Emini.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">EURUSD Forex market trading strategies<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">EURUSD Forex daily chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/EURUSD-Forex-double-bottom-and-double-top.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/EURUSD-Forex-double-bottom-and-double-top-680x383.png\" alt=\"EURUSD Forex double bottom and double top\" class=\"wp-image-114080\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/EURUSD-Forex-double-bottom-and-double-top-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/EURUSD-Forex-double-bottom-and-double-top-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/EURUSD-Forex-double-bottom-and-double-top-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/EURUSD-Forex-double-bottom-and-double-top-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/EURUSD-Forex-double-bottom-and-double-top.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Small double top and double bottom, so Breakout Mode. If today remains a big bear day, odds of bear breakout will be greater than for bull breakout.<\/li><li>Bears see yesterday as a pullback after reversal down from double top. They see today as resumption of selloff. They need close below double bottom to get breakout below small trading range.<\/li><li>Bulls hope today is just a pullback after yesterday&#8217;s reversal up.<\/li><li>Last week is bear inside bar on <a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/emini-minor-double-top\/#4-the-eurusd-weekly-chart-small-pullback-bear-trend-after-wedge-top\" class=\"rank-math-link\">weekly chart<\/a> and a Low 1 sell signal bar. The bears yesterday triggered the weekly sell signal when EURUSD fell a fraction of a pip below last week&#8217;s low. But, EURUSD reversed up strongly all day yesterday, creating a possible failed Low 1 sell signal.<\/li><li>The bears are trying to trigger the weekly sell signal again today.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Overnight EURUSD Forex trading on 5-minute chart<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>EURUSD sold off in bear trend from yesterday&#8217;s close, and now near yesterday&#8217;s low at the bottom of small trading range on daily chart.<\/li><li>Day traders have only been selling overnight, but might get bounce or trading range on 5-minute chart, since now at bottom of trading range on daily chart.<\/li><li>Bears want today to continue down to far below last week&#8217;s low, and to close on the low of the day. That would increase chance of 100-pip measured move down, based on height of 2-week trading range.<\/li><li>Bottom of 2-week trading range is support. If there is 20-pip bounce, day traders will start buying reversals up, betting on bear trend evolving into trading range or reversing up. The bears will continue to sell, but once there is a 20-pip bounce, they will wait to sell rallies instead of at the market.<\/li><li>Bears will continue to sell unless there is a series of strong bull bars, which would be a bull trend reversal.<\/li><li>Key price is yesterday&#8217;s low, which is a fraction of a pip below last week&#8217;s low.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Summary of today&#8217;s S&amp;P Emini futures price action and what to expect tomorrow<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/Emini-breakout-below-trading-range-and-3900-big-round-number.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/Emini-breakout-below-trading-range-and-3900-big-round-number-680x383.png\" alt=\"Emini breakout below trading range and 3900 big round number\" class=\"wp-image-114098\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/Emini-breakout-below-trading-range-and-3900-big-round-number-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/Emini-breakout-below-trading-range-and-3900-big-round-number-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/Emini-breakout-below-trading-range-and-3900-big-round-number-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/Emini-breakout-below-trading-range-and-3900-big-round-number-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/Emini-breakout-below-trading-range-and-3900-big-round-number.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p class=\"caption\">Here are several reasonable stop entry setups for today. I show each buy entry with a green rectangle and each sell entry with a red rectangle. Buyers of both the Brooks Trading Course and Encyclopedia of Chart Patterns have access to a much more detailed explanation of the swing trades for each day (see Online Course\/BTC Daily Setups).<\/p>\n\n\n\n<p class=\"caption\">My goal with these charts is to present an Always In perspective. If a trader was trying to be Always In or nearly Always In a position all day, and he was not currently in the market, these entries would be logical times for him to enter.<\/p>\n\n\n\n<p class=\"caption\">If the risk is too big for your account, you should wait for trades with less risk or trade an alternative market like the Micro Emini.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">End of day summary<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Opened with small gap down and reversed up from High 2 bottom. Rally was likely to be a leg in a trading range since bad buy signal bar and strong trend down from yesterday&#8217;s high.<\/li><li>Reversed down from parabolic wedge at EMA and a double top with yesterday&#8217;s close.<\/li><li>Reversed up from lower low double bottom and sell climax.<\/li><li>Reversed down again from double top lower high major trend reversal.<\/li><li>Bear breakout below trading range continued for measured move down to below yesterday&#8217;s low and 3,900 Big Round Number, but closed above both.<\/li><\/ul>\n\n\n\n<p><em>See the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">weekly update<\/a> for a discussion of the price action on the weekly chart and for what to expect going into next week.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Trading Room<\/h2>\n\n\n\n<p>Traders can see the end of the day <a href=\"http:\/\/www.brookspriceaction.com\/profile.php?mode=profil&amp;sub=profile_prefer&amp;mod=0\" target=\"_blank\" rel=\"noreferrer noopener\">bar-by-bar price action report by signing up<\/a> for free at BrooksPriceAction.com. I talk about the detailed S&amp;P Emini futures price action real-time throughout the day in the BrooksPriceAction.com <a href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\" target=\"_blank\" rel=\"noreferrer noopener\">trading room<\/a>. We offer a <a href=\"http:\/\/www.brookspriceaction.com\/portal.php?page=11\" target=\"_blank\" rel=\"noreferrer noopener\">2 day free trial<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Charts use Pacific Time<\/h3>\n\n\n\n<p>When I mention time, it is USA Pacific Time (the Emini day session opens at 6:30 am PT, and closes at 1:15 pm PT). You can read background information on the intraday market reports on the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/market-update\/\" target=\"_blank\">Market Update<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Emini and Forex Trading Update:Tuesday March 23, 2021 Pre-Open market analysis of daily chart Yesterday triggered High 1 bull flag buy signal on daily chart near end of 1st quarter. Magnets above are the 3,950 and 4,000 Big Round Numbers, and last week&#8217;s all-time high. Bulls hope there will be enough end-of-quarter window dressing to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":114080,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[153],"tags":[281,60],"class_list":{"0":"post-114006","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-update","8":"tag-eurusd-forex","9":"tag-sp-emini","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/03\/EURUSD-Forex-double-bottom-and-double-top.png","author_info":{"display_name":"Al","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/albrooks\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/114006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=114006"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/114006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/114080"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=114006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=114006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=114006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}