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AidanMDang
Feb 22, 2021 10:05 AM

S&P500 [ES] | Potential False Breakout of Head and Shoulders  Long

E-mini S&P 500 FuturesCME

Description

/ES completed a textbook head and shoulders pattern yesterday.

Price broke the neckline overnight but it is very possible that this breakout is a simple liquidity hunt.

There is a clear parallel channel (bull flag) that price has respected. Watch for a bounce within the channel.
A breakout of the upper resistance can push price to 4000

Goodluck!

Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
Comments
TheSignalyst
well done Aidan!
AidanMDang
Thanks a lot @TheSignalyst!
KlejdiCuni
S&P keeps doing deep correction but the main trend is still intact. Totally agree with you bro.Great Job!
AidanMDang
@KlejdiCuni, totally agree! stay long 🚀
FriscoTrades
Perfect nice work !
Eloquent
👌👌
AidanMDang
@Eloquent, 👌🏽👌🏽👌🏽
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