ES Futures Contract
Bearish trend setup, with the EMA9 crossing below the EMA20, and the RSI turning bearish, confirming the downtrend across all timeframes.
The VWAP is above the price and trending downwards. Awaiting a price retest of the EMA20, which occurs on a large bullish candle with no volume.
Entry with 2 lots almost at the EMA20 at 6941.75, with a target at 6911, in a support zone. Immediately after entry, the price was rejected, resulting in a magnificent trade almost 2 minutes after entry.
Quick exit due to a slowdown in the downtrend and an accumulation of buying volume far from the target, which was likely too optimistic.
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