Here we have ES Futures in the third level of rise with a possible half batman pattern setting up with congruence of slowing momentum on the MACD. Even though today was a bear trap. Tomorow is a Bull trap. I am anticipating a break of this up channel to retest the lows. We have barely been hovering above the 200 quite weakly in fact. The market does things in three's. 3 levels of rise, 3 drives to the high, 3 pushes.
The past couple of days only have shown a marginal new high, peek a boo and rolled over. Not very convincing of a bull run. Where are the bull's conviction's. Why is there selling pressure here at the weekly supply zone at 0.618 fib retracement?
The past couple of days only have shown a marginal new high, peek a boo and rolled over. Not very convincing of a bull run. Where are the bull's conviction's. Why is there selling pressure here at the weekly supply zone at 0.618 fib retracement?
Nota
I will be looking for a short entry in the 3875-3900 region AFTER it has broken the up channel and consolidating sideways. Nota
I am expecting a day or so of range activity before the sellNota
On the micro level of the 15-minute charts, we have the same 3 levels and 3 pushes occurring.Nota
Broken down on today's session, we have the same three levels of rise
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