EOD Blog April 30, 2025

21463pwpadmin
Penguin Trades April 30, 2025

Today my main focus was on the ES on the 500 tick. Below shows my full day zoomed out. Price started off in a sharp downtrend in the OVH, got a break, then pushed to a new low far below the OVL. Price made a major reversal pattern back into the OV session and ultimately formed a wider uptrend, which got a clear 2 legged break and has pushed up to a new high, playing it out.

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EOD Blog May 1, 2025

^Above is the ES 500 tick. The initial uptrend from the OV session got a large break. The first major leg down finished soon after the market open, where it shot up with 2 clear legs higher. (Marked 2 attempts at new high) That is not a good MM to short directly on as there is more reason to think bullish at that point htan bearish as the uptrend still has yet to play out, and price was unable to reach the OVL after forming the OVH.

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Penguin Trades May 1, 2025

EOD Blog April 25, 2025

Hi everyone I hope you've had a great trading day. Today all my focus was on the NQ 250 tick.

You can see the larger price action levels forming. Notice at the beginning with the downtrend. We got a very small 2 legged break, smaller than the one marked. We got a perfect MM reaction/reversal, but price was only forming a larger break between the bigger pic legs that were pushing up. That took us to the marked "2 legged break" on the chart. After a couple attempts down, price reversed, and ultimately made an even larger 2 legged break from the original downtrend. We can see that with the red arrows.

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21463pwpadmin
Penguin Trades April 25, 2025

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