Video Update: 6 August – ES patterns

Welcome to the video update for Friday, August the 6th. Important employment numbers are released at 8:30am est. In this update Trader Rick will look at 3 chart patterns in the ES. The first is an ab=cd pattern shown on the ES 43200 volume chart from earlier this week. See how you can enter with this pattern, either using the timeframe with the setup or dialing down to a smaller timeframe. Note the targets on this pattern.

Next two patterns take place on the 2 bar per day ES chart and the 60 minute ES chart, day session only. With price in a balance area for 4 days now, expect a breakout soon.

Good trading!

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Tags: ab=cd pattern, chart patterns