ES Short Idea Based on Bear Flag Using WT5 Elliot Wave and BITS
The ES is currently in a daily bearish pennant formation which coincides with a 4th wave retracement on the 240 min time frame. While price retraced into the "Red Zone", other indicators still point to a short trade at either the break of the bearish pennant pattern (around 2905) or the taking entry at the BITS signal which has formed just below it (entry at 2883.75.)
A target sitting below the 2800 mark is reasonable, however you can expect turbulence just above it - between 2825 and 2810.
A target sitting below the 2800 mark is reasonable, however you can expect turbulence just above it - between 2825 and 2810.
כתב ויתור
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.