<aside> <img src="/icons/row_gray.svg" alt="/icons/row_gray.svg" width="40px" /> BPR. PO3. 3 Drives Pattern. SM narrative. MOC Macro.
</aside>
The continuous contract for ES won’t show you the actual Imbalances and Inefficiencies that current month’s contract has.
The benefit of having a thinly traded contract is that this contract was trading well before it became the front month. Right now, we're trading the June contract. Well, this is the June contract shown in a weekly chart. If I show a continuous chart and then compress it into a weekly Candlestick chart, the inefficiencies won't be so obvious. So, this is one of the built-in advantages of having a time-based chart.
Yesterday
Today
So we ran above the Buyside and inside the Volume Imbalance as expected.
These little arrows, are the key turning points. So when you're doing your journaling and logging all of your price data and looking at old moves, you want to be putting arrows there because it trains your eye to see it just like that. And then when you start practicing executions in the future (not now), you'll see that you'll be entering at these types of levels and with a logic behind it.
IOFED is when price makes a small shallow drop inside FVG before running away from it.
1h Time Frame: Once we get the BPR, we can trust it that it will go higher to the BSL and Volume Imbalance.
15m Time Frame
💎3 Drives Pattern is a classic price action pattern. it's really good to indicate that we're likely to see some measure of retracement. It can be an all-out reversal too.
But because we have unfinished business to the upside, The volume imbalance on the weekly chart. And NQ has done extremely well on the upside so we can expect that it will draw ES up. This is the Sick Sister approach. We are trading the pair that has been lagging. Using this idea that it will want to catch up to what the NASDAQ has done and we see that here really moving to an upside run into that Weekly volume Imbalance with an extrapolation that was just really really nice.
“This right here folks, is a complete model”
