Betting on ES moving higher from the point of the trade entry, I do opened the first session positions w/ the reasons: 1) no materials (2nd weakest sector at that moment but the leading laggard during past hours) and the leading U.S. indexes futures lower lows, plus there was bullish divergence on ES minute chart (but w/ no $tick confirm). Soon fixed, as buyers did fail to push market higher and materials sector did post fresh session low.
As ES have posted new day low, one more bullish divergence on the minute chart have appeared w/, finally, $tick confirmation (no $tick lower low). But the second reading showed, that sellers did manage to post $tick lower low. So no difference between fresh pattern and the divergence posted tens of minutes ago was revealed. Thats why I have closed the trade as soon as that fact was disclosed. But the market did continue moving higher for a while. Though no regret of too early exit, cause I did stick w/ my strategy, that have not gave me appropriate reasons to stay in the position.
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