ZN 2020 06 24
Somewhat surprising weakness across the board (ES, CL, SI) in today’s morning session. A perfect time to sit back and look at treasuries!
ZN STUDY - See chart for details
Depending on your level of aggressiveness, you can use either circle for planning trades. Whichever range you go by, we're - for now - firmly above the 50% midline. The most conservative entry would be to just wait for the first pullback (if there is one) after the breakout (if we get one). The point is: there is no perfect, magic solution. Our strongest resources are objective analysis, discipline to follow our own rules and grit to handle the heat.
Note: this is a 240min view. The setup - and the potential quiet accumulation - is really evolving on the daily timeframe.
Mindful trading!