1) In this morning's example of a Head & Shoulders pattern using a 4 tick range bar in the forward e-Mini S&P 500 electronic futures contract, the ES had retraced upwards within a downtrend from 10:30 am EST untill about 11:00 am EST on February 26th .
2) The left shoulder is colored yellow by the Better Data Suite's Order Flow Bars. This is indicative an intrabar reversal. The head closes at the low and is colored yellow by the BDS | Order Flow bars. This points to an intrabar reversal to the Sell side.
3) Our right shoulder occurs at 11:17 a.m. EST. The right shoulder pierces the Upper Median line of the BDS | Better Forks and trades to the Median Line.
4) After the Entry, the BDS Order Flow Bars shows new fuel with multiple bars colored Red. The 'redder' the bars the higher the 'sell force'
For a deeper dive into how to use Better Data trade the Right Shoulder of a Head & Shoulders pattern click here.
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