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pisaniello
Mar 21, 2018 3:55 PM

ES1! - Break of trend lines soon! 

E-mini S&P 500 FuturesCME

Description

Here we have a 4 hr chart of the E-Mini S&P Futures.

The 4 hr chart established a down trend channel inside of a symmetrical triangle.

The 4 hr ES1! candles are nearing two key trend-lines - the bottom trend-line of the triangle and the top trend-line of the down channel.

MACD, Slow Stochastics, and RSI are indicating a positive break-out.

Wait for the break-out high or low and trade the price action to a nice profit!

~KP
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