ES Futures Gameplan Price 2800 February 2024 Weekly Rising Wedge
Everything in this market is calculated and measured to the tick. This is my gameplan for the next year. I believe by February-April of next year price will be at 2800. Here on the weekly chart, since October, price is forming a bearish rising wedge. Hence why it is chopping up everybody due to the range bound market. Don't lose sight of the fact that it is still in a correction phase/ Bear Market. Once this rising wedge is broken, Look out.
Really study this chart to see that everything is fine tuned and measured. Price is not random.
Yearly uptrend in black channel lines
Monthly downtrend in red channel lines
Weekly rising wedge in green channel lines
Once weekly rising wedge is broken, then the monthly downtrend will resume. The market is suckering in every last dollar it can before it will shift it down, trap everybody and take your money. I do not believe this false little "up trend"
Feel free to comment below to let me know your thoughts. Do you agree with this sentiment or am I wrong?
Thank you and have a fantastic weekend. Trade well and manage risk accordingly.
Really study this chart to see that everything is fine tuned and measured. Price is not random.
Yearly uptrend in black channel lines
Monthly downtrend in red channel lines
Weekly rising wedge in green channel lines
Once weekly rising wedge is broken, then the monthly downtrend will resume. The market is suckering in every last dollar it can before it will shift it down, trap everybody and take your money. I do not believe this false little "up trend"
Feel free to comment below to let me know your thoughts. Do you agree with this sentiment or am I wrong?
Thank you and have a fantastic weekend. Trade well and manage risk accordingly.
评论:
Is it a coincidence that the entire 20 year bull run's 50% retracement is at 2800? I don't. Further proof that everything is measured by the tick.
评论:
In a strong trending market, the 200sma is respected and bounced off of
