Bullish Expectation on ES (SPX Futures) by ThinkingAntsOk
Main items we can see on the chart:
a) The price has been correcting for 24 days
b) Currently, we can see that the most external lines of the correction are about to be broken
c) Based on that, if the price breaks above 3170 we will consider it as a bullish confirmation for the new motive wave
d) Our Target for this movement is the Double top with the Historical Higher Highs
e) We will close our Long positions at 3360
a) The price has been correcting for 24 days
b) Currently, we can see that the most external lines of the correction are about to be broken
c) Based on that, if the price breaks above 3170 we will consider it as a bullish confirmation for the new motive wave
d) Our Target for this movement is the Double top with the Historical Higher Highs
e) We will close our Long positions at 3360
