On the weekend I posted a 1×1 chart of Friday’s cash session of the ES. Just thought I would add the 2×1 chart for comparison purposes. The chart includes the first few hours of the Sunday session of Globex, ignore the last 5 boxes to see just Friday’s session.
38/18 = 2.11 There are, on average, 2.11 boxes per reversal.
The 1×1 gave a result of 1.78.
Using the scaling laws discussed on Motorway’s blog it would seem both of these charts are usefully showing the moves with clarity.