ES has retraced but did not break the 2600.
This is a strong support on the weekly chart and a good entry point for a long term trade.
Long lower parallel 2634
Take profit at upper parallel.
Stop below previous low
My previous ES short worked very well. It was based on this same chart exiting at the same line where I recently entered
This is a strong support on the weekly chart and a good entry point for a long term trade.
Long lower parallel 2634
Take profit at upper parallel.
Stop below previous low
My previous ES short worked very well. It was based on this same chart exiting at the same line where I recently entered
Comment:
Comment:
This offset pitchfork outlines price very well for the last few years.
The double parallel line (mauve and green) has been support several times and a breach of this line will be very significant
The double parallel line (mauve and green) has been support several times and a breach of this line will be very significant
Comment:
There are two megaphone patterns visible on the four hour chart
Comment:
Maybe time to lock in a little profit.
Maybe time to lock in a little profit.
Comment:
We may see support at 2650 or 2610
We may see support at 2650 or 2610
We are now returning to 2634.
Stop is already at entry.
If I get stopped out I will re enter at 2610.
Note Russell 2000 just closed 4H bar exactly on support line