ES | Price Action 6/1/2022
At 9:30 AM EST open ES made a big move straight up that took out the Asian Session high. Then it came straight back down.
The big move plus taking out majority liquidity gave me confidence this was a Judas Swing and that price would go the other way.
I zoomed in to start looking for Fair Value Gaps and after finding one placed my Limit sell orders in the middle of the gap.
After ES filled the FVG it made a big move down.
https://www.tradingview.com/x/nHSMcgN9/
Zoomed in view of FVG after Judas Swing
https://www.tradingview.com/x/T1xYQIDs/
Where was pricing ultimately heading? It was going lower to fill the daily FVG.
Once it was filled ES had a Market Structure Shift + displacement + FVG and was then seeking to go from a discount to a premium area.
https://www.tradingview.com/x/ocdu4KTI/
The big move plus taking out majority liquidity gave me confidence this was a Judas Swing and that price would go the other way.
I zoomed in to start looking for Fair Value Gaps and after finding one placed my Limit sell orders in the middle of the gap.
After ES filled the FVG it made a big move down.
https://www.tradingview.com/x/nHSMcgN9/
Zoomed in view of FVG after Judas Swing
https://www.tradingview.com/x/T1xYQIDs/
Where was pricing ultimately heading? It was going lower to fill the daily FVG.
Once it was filled ES had a Market Structure Shift + displacement + FVG and was then seeking to go from a discount to a premium area.
https://www.tradingview.com/x/ocdu4KTI/
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