ES - Backtesting Median of Median

Weekly Linear Chart for reference

This is a natural point in the market to consolidate and traverse to the upside....... or fail and resume it's slide down.

I would expect some price oscillation around this area before direction becomes clear. Could be shakeouts on both sides...

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My Shorter Term Outlook:

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My (Very Long) Term Thoughts..

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We've arrived at the back test point on the 1/4 line. Numerous converging resistance factors here.