ES E-Mini S&P500 - 2045 to 2040. Read why.
Price fell below the centerline.
Remarkable are the couple of retest's.
Price could not manage to slip above the centerline again.
There are two other possibilities left: either price go sideways, or down.
Since price and everything moves in swings, I see the down swing bevor my eyes.
The further analysis even give us a target, the lower MLH is one.
Another one is the centerline of the yellow fork, since we know that price is
reaching the centerline over 80%.
Besides all the pro's & con's, all in all it's just a trade, nothing more.
Managing the risk and holding to the trading plan is the goal.
P!
Remarkable are the couple of retest's.
Price could not manage to slip above the centerline again.
There are two other possibilities left: either price go sideways, or down.
Since price and everything moves in swings, I see the down swing bevor my eyes.
The further analysis even give us a target, the lower MLH is one.
Another one is the centerline of the yellow fork, since we know that price is
reaching the centerline over 80%.
Besides all the pro's & con's, all in all it's just a trade, nothing more.
Managing the risk and holding to the trading plan is the goal.
P!
The dashed arrow is from the previous post: