S&P500 [ES] | 🐂 4H Bullish Engulfing Candle at Channel Support
Possible countertrend long opportunity:
-4H Bullish engulfing candle supported by volume (See Volume indicator & Volume Profile )
-Bounce from downtrend channel support
Three target levels: $3300, $3325, $3355
As I mentioned in my previous post on September 22, each of these long targets should be treated as potential reversal/continuation levels to the downside.
Share your thoughts in the comments below and drop a 👍🏽if you appreciate this analysis!
-4H Bullish engulfing candle supported by volume (See Volume indicator & Volume Profile )
-Bounce from downtrend channel support
Three target levels: $3300, $3325, $3355
As I mentioned in my previous post on September 22, each of these long targets should be treated as potential reversal/continuation levels to the downside.
Share your thoughts in the comments below and drop a 👍🏽if you appreciate this analysis!
Comment:
Lower timeframe analysis:
![S&P500 [ES] | Another Countertrend Long Opportunity](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
![S&P500 [ES] | Another Countertrend Long Opportunity](https://s3.tradingview.com/3/3k9zmLRx_big.png)
Comment:
Target 1 reached
Comment:
Target 2 reached
