RF_Trading

Scenario 2 played out, now we are at the decision point

CME_MINI:ES1!   S&P 500 E-mini Futures
Scenario 2 played out and we are testing the top of the descending triangle. A rejection would be bearish and would send us at around 3.9k to the bottom of the triangle, where we can either bounce back an restest the top or break down and visit 3.6k. A (confirmed) breakout here would be very very bullish and we could go straight up to 4.3k. Everyone knows about this trianlge and everyone is watching it, be careful. No trade zone now, stay nimble.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.