The ES market corrected 62% relative to the last Swing Wave going into the Energy Market Close. At the 62% level, the lower low action was starting to weaken. At 1449 ET, the market made a higher low. A long position was made at 1373, which was one tick above the last bar high.
The $TICK also made a higher low at 1449 ET confirming what was seen in the ES market. At good place to exit was when the $TICK reached +1000 giving a two point profit.
Charles
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