Small Channel on the 2H S&P500 ES1! -minis
Hey guys, hope you are well,
there is a small channel on the 2H. I believe we are at a critical point where the price could either break out to the upside or get rejected - maybe even with lots of volume at the open. I have drawn additional lines of short term significance (yellow) into the chart, which could play a role in price development as they have in the very recent past. Dashed lines in red and green are stop loss levels - I usually make them just too tight, so keep that in mind.
No finincial advice, just my personal opinion.
there is a small channel on the 2H. I believe we are at a critical point where the price could either break out to the upside or get rejected - maybe even with lots of volume at the open. I have drawn additional lines of short term significance (yellow) into the chart, which could play a role in price development as they have in the very recent past. Dashed lines in red and green are stop loss levels - I usually make them just too tight, so keep that in mind.
No finincial advice, just my personal opinion.
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Overlooked the 4000 Line, will be cautious and take some off the table right here.
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(that is 3999)
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Aaand we had a pretty decent and clean move to the upside. TA rocks!