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PontusTrader
Jul 29, 2020 8:13 PM

ES rising wedge fake breakout to clear the gap then crash Short

E-mini S&P 500 FuturesCME

Description

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
The_Real_AMF
nice fractal find.
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