Two reversal setups were observed during Tuesday session.
First trade was the mean reversion setup when the trend line break and over-and-under (or Quasidmodo) pattern was formed at the developing value high which was around 17820. Target was to see YM auctioning back to VWAP, around 17753.
Second trade setup was around 1330 chicago time, after two legs of selling, an accumulation wedge was observed, and Quasi formation also forming around 17460, I was looking at price to auction back to developing value low area and also the spike base, which was around 17520/17530.
That’s all for the Tuesday session.