This rising pattern never looked right to me upon breaking out.
Now that we have a divergence, my current bias until proven otherwise is the move up to 3284 was a false breakout or an overshoot of the pattern.
What I'm looking for next is ES to continue to consolidate inside the pattern as shown before truly breaking out. (note**usually when price overshoots a pattern in one direction, it also overshoots to the same degree in the opposite direction)
Which way will the breakout be, you ask?
Frankly, I don't see ES failing to fill the gap at 3311 and at least retesting the all time high before whatever it's gonna do beyond that.
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.