ES Falling Wedge Range Bound Similar To May 2023 Exactly

Looking at May 2023 I can see mirror image patterns.

1. Sideways consolidation box
2. Start of new month at the high of box
3. 200sma going in the middle of the consolidation
4. 3 Highs at the start of the new month
5. Blue line is the Monthly Open price
6. Falling wedge pattern


If I buy now on the break of the falling wedge pattern and the close above the 21ema, then I must be willing to hold it without it not really going anywhere for another 2 weeks or so.

Here is May 2023

Comentário:

Here is this month, August 2023
Identical in the setup so far. I am a big believer that the market maker templates use similar ideas prior and they show you their hand if you look