Wednesday, February 26, 2020

Weekly VWAP Perspective on ES

Looking at the weekly VWAP perspective we can see a wide open below value. The slope is to the downside and the market trades below the developing value. The DVAL, D-VWAP and the DVAH are possible areas of resistance. Curently we can see a swing failure with divergence which could rotate the market higher for now. We'll see which pattern will evolve in the lower timeframes to conclude a trading scenario.


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