Price pierced the neckline today.
The neckline is a strong line of support until broken with a true Downtrend.
The neckline is often retested and some would wait for the retest of this line to ensure that it is now resistance.
Short interest is around 7.25%.
Tall structure.
No recommendation/ES with a confirmed downtrend.
Weekly chart below:
The neckline is a strong line of support until broken with a true Downtrend.
The neckline is often retested and some would wait for the retest of this line to ensure that it is now resistance.
Short interest is around 7.25%.
Tall structure.
No recommendation/ES with a confirmed downtrend.
Weekly chart below: