Notice how, ane time nosotros dropped below VWAP, selling book (volume at bid vs offer) dried upwards some the ES 1060.50 level. I bought the 1061.50 cost for a deed dorsum to VWAP, ane time once again anticipating that nosotros were seeing a attain hateful solar daytime inward the making. That told me nosotros should hitting VWAP at the really least; on a typical attain day, nosotros should oscillate inward a higher house as well as below VWAP. So my conk was conservative at 1063.50, a chip inward a higher house the volume-weighted average price. Note inside the breakout bar how book expanded inward the direction of the trade, validating the idea. I would bring stopped the merchandise on an expansion of book at 1060.50. Regular readers volition recognize the inward a higher house equally a transition pattern, ane of my favorite setups.
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