PontusTrader

ES rising wedge fake breakout to clear the gap then crash

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
This is the same rising wedge setup that got broken to the upside (wrongly) back days before the JUN 11 market drop.

JUN 9 was the last FOMC, they are setting up the exact same play again (look at the greyed out rising wedge around the 3rd red circle).

Fake rising wedge upside break, then dump. Wish I had seen this sooner.

Comments

nice fractal find.
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