ES has moved up in a straight line fashion since breaking out of the triangle. However, it may have overextended itself in the short-term. I would be surprised if it doesn't correct before moving up again.
If you look at the RSI, there is also a potential divergence coming along. That is to say, unless ES keeps moving up strongly for an extended period of time, RSI WILL diverge. The projection that I gave is based purely on Fibonacci levels.
If you look at the RSI, there is also a potential divergence coming along. That is to say, unless ES keeps moving up strongly for an extended period of time, RSI WILL diverge. The projection that I gave is based purely on Fibonacci levels.
Trade closed: target reached:
Outdated but targets reached.