Notes
- In this tape reading session, Michael focuses on the last hour of Friday’s trading and comments on the market as it approaches the high of the day.
- Michael wants to see the failure of at least three PD arrays before he completely closes a trade.
- If we expect higher prices, the price should not trade below the Propulsion Block’s midpoint (Mean Threshold).
- If we expect lower prices, the price should not trade above the Propulsion Block’s midpoint.
ES Trade Examples - Trade Executions
Inversion Fair Value Gap And Propulsion Block
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