I drew this today, I will explain in some detail later.....
I do have a problem with putting too much on the chart all at once, I think in the future, I will have to put the same chart up a number of times, but with a different principle or concept shown each time.
The ES is the E mini, which is the futures contract for the S&P500.
It is probably the highest traded futures contract, and if you choose to play in this pond, you will be matching skills with some of the best traders in the world.
Because it is a very very liquid market, and is highly traded, VSA/Wyckoff analysis works pretty good on it.
This is the daily-
It is showing where price brokedown, potential climactic action then arrived pretty quickly, and price was sucked higher in a vacuum briefly, confirming the buying previously (and a horizontal line was drawn across the high).
Then price came back down and tested for supply, alongside the climactic action bar (supply was much reduced).
Price then moved up to the highs of the trading range, and eventually broke out.
View attachment 138740
cheers
