ES had a fakeout above this descending channel it has been trading in, which I see as quite bearish. It's back near the bottom end now, a break below would not only be a short term pattern as shown here breaking, but also a longer term trendline as well. I would expect more downside if it does break and vice versa.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.