2/28/20 Short-Term Bottom Target Zone

04:15pm Looks like mostly positive developments for a short-term bottom to form here. Any near-term proportionally scaled lower prices would create a larger divergence to propel prices up. If a retrace occurs from here - it could potentially work it's way up 50% as the closing candles look a good size (3.8% x 2 candles). A retest of the lows may need to happen in order to create a daily histogram bar close to the same size as the current one on the ES MACD. This would produce an attenuating effect on the bar height and be a better set up for a retrace to launch. It is not required to happen that way of course.

Global Trading Signal: 
11:45am The signal may have come through after 36+ hrs of printing non-stop 'Agitation' which timing is typical. Possible price break upwards attempt through very short-term trend line: Need to see follow-through. It is also possible there will be a final lower print at close (or a higher low).

Also note that quite often a short-term bounce interval can be preceded by an 'early' bottom price. One that occurs prior to closing either am or early pm. Not a certainty- just a general observation. Expectations are high that deeper prices will eventually be forthcoming but let's take one move at a time.

Still printing 'Agitation' (36 hrs now) which may support a short-term bounce developing.
Chart of Possible Price Alignments (15min):
If prices don't hold above the (5e zone) then there's likely another structure printing with more downside to come.

The bots will flag a "V" when they see a top. 
Our favorite go to site- McVerry Report
This information is for entertainment purposes only. Financial loss can occur from investing