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Pavley
Oct 13, 2021 1:17 PM
Descending Wedge on ES/SPY
Long
CME_MINI:ES1!
30
E-mini S&P 500 Futures
CME
Description
⋅
Oct 13, 2021 1:17 PM
Simple Descending wedge (in red trendlines) breakout is the white vertical trendline towards the apex of the wedge. Would retest perfectly the trendline resistance towards the top of the chart (price target of 4392 on ES)
Looks bullish if EMAs can cross over each other
Trend Analysis
Chart Patterns
Wedge
Bullish Patterns
simple
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