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(Premium) ES Mini - High Probability Trend Reversal - Market Profile

The document analyzes the structural pattern in the ES Mini futures market, which indicates a high probability of a trend reversal. It identifies key support levels between 2825-2835 that the market may fall to if a downside move occurs. No strong follow through on the downside has occurred yet, so the support levels may not be reached immediately. The analysis will be updated if the market forms further bearish or bullish patterns.

Uploaded by

Ayesha Mariya
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33 views

(Premium) ES Mini - High Probability Trend Reversal - Market Profile

The document analyzes the structural pattern in the ES Mini futures market, which indicates a high probability of a trend reversal. It identifies key support levels between 2825-2835 that the market may fall to if a downside move occurs. No strong follow through on the downside has occurred yet, so the support levels may not be reached immediately. The analysis will be updated if the market forms further bearish or bullish patterns.

Uploaded by

Ayesha Mariya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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[Premium] ES Mini – High Probability Trend

Reversal – Market Profile


August 22, 2018 by Rajandran

E-mini S&P 500 future derivative contract is


based on the underlying S&P 500 stock
index(US Market). ES-Mini is showing an
interesting structural pattern when comes to
market profile with trend reversal odds. The
structural pattern also reveals the significant risk
in holding to the longs as the short term
inventory goes long to too long.
[Currently, this tutorial access is limited to
TradeZilla Workshop members only]
On Wednesday S&P 500 index Hits all-time
high 2873.23. Previous all-time high is around
2872.87 during Jan 2018. However, ES Mini
Futures haven’t done with all the time on
Wednesday trading.
S&P 500 All-time High

ES Mini Oct 2018 Contract – Market Profile


From the profile structure, one can access that
ES-Mini is one-timeframing for 5 trading
sessions consecutively. There is a G3 low and it
is also a weaker low at 2835 levels. It is weaker
low because 16th Aug and 17th Aug lows are a
just 1-tick difference. It is a G3 low because
17th Aug, 18th Aug, 19th Aug all broken its
first 30min low and also making higher high for
3 consecutive sessions. Also, the structure on
Wednesday trading shows a rally followed by a
sell-off trigger in the second half indicating a
potential inventory getting long to too long and
poised for long liquidation towards 2835 levels.

Immediate Short term References


A Gap around 2860,
Double Distribution Short term support around
2850
G3 Low + Weaker Low at 2835
Gap Low around 2826.75
Based on the above structural odds expectation
of ES-Mini could go anywhere between 2825-
2835 on the downside. For 2835 to kick start
Wednesday trading should start with a follow
through to complete in t+2 trading days.
Currently, the indicator sentiment is positive
hence a follow-through is very much required to
turn the sentiment down which increases the
odds of achieving 2835 faster. If there is no
downside follow through then attempt towards
the weaker reference at 2835 might further get
delayed.
Update1
G3 Low Holds with the positive sentiment and
no follow through. However Instead Back to
Back Secure High at market swing high forms
with still indicator sentiment holds positive.
Now needs to cross the immediate short term
support around 2850 (Double Distribution
reference) to confirm the short-term market
top.
Update2
G3 Low Holds with the positive sentiment and
no follow through. However Instead Back to
Back Prominent POC with P shape profile
indicating inventory is long to too long. Now
needs to form value area lower to confirm short-
term market top.

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