What is the Power E-Mini Morning Quicksand Zone?
It’s a key congestion zone that is generated right at the open based off of several hours of pre-market price data.
Think of this range as an early morning Glue Trap for price.
How To Use This Zone Each Day In Your Trading.
Each morning upon receiving the high and low price of the quicksand zone, plot 2 horizontal lines on your trading charts and use these as key reference points going forward for market direction.
If the Longs can muster the strength to bust the market out of the top of this range it signifies BUYERS are in control and you should be on HIGH ALERT for an uptrend to develop.
If on the other hand, the the Sellers have the strength to break the market DOWN out of the bottom of this range, they have taken control now and a downtrend is likely to begin.
You can also be use this range for early morning breakout trades!
NOTE: It can also be thought of as an early morning NO TRADE ZONE.
When price is stuck in the zone you sit on the sidelines. When price
breaks out you trade in that direction.