Buy the lows!
https://www.tradingview.com/x/9G9PESsi/
The ES has been in a trading range for the week. We went up from the low of 4100, a spike and channel pattern. Looks like the market will go up first before the drop if it ever drops again. Connect the two lows (Jan 24 and Feb 24), we can see the Feb 24 low is higher than the downward channel, more likely a wedge. So if the market did drop to 4000, my theory is BUY.
Another possibility is the market drop to Jan 24 low and is bought. Then we have a head-and-shoulder reversal.
Either way, I am bullish.
The ES has been in a trading range for the week. We went up from the low of 4100, a spike and channel pattern. Looks like the market will go up first before the drop if it ever drops again. Connect the two lows (Jan 24 and Feb 24), we can see the Feb 24 low is higher than the downward channel, more likely a wedge. So if the market did drop to 4000, my theory is BUY.
Another possibility is the market drop to Jan 24 low and is bought. Then we have a head-and-shoulder reversal.
Either way, I am bullish.
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