Breakout_boomerang

Update from Aug 28: ES1! Bearish breakout confirmed

Short
CME_MINI_DL:ES1!   S&P 500 E-mini Futures
As discussed in August, the long term trend has violated support line. Setup was initially looking for bearish triangle but ended up confirming with a double bottom breakout to break support line as noted at 4419. Authors have described in the past that triangles can at times be unpredictable when confirmed, so using the count from the bearish triangle the Bearish vertical price objective is 3879

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