Trade Idea on ES (SPX Futures) by ThinkingAntsOk
Use this as a guide to develop your view of the chart
Main items we can see on the 4HS chart:
a)The price tried to surpass a Major Resistance zone and was rejected from there.
b)Currently, we can see that the ascending trendline (yellow) has been broken, and the price is below it, making a clear Pull-back.
c)Our entry is below the current pull-back, and our Stop loss is above the previous Higher high.
d)We expect a bearish movement towards the lower trendline of the Weekly ascending channel at 2569.00
e)We will move our stop to break even when the price reaches 2865.25
Main items we can see on the 4HS chart:
a)The price tried to surpass a Major Resistance zone and was rejected from there.
b)Currently, we can see that the ascending trendline (yellow) has been broken, and the price is below it, making a clear Pull-back.
c)Our entry is below the current pull-back, and our Stop loss is above the previous Higher high.
d)We expect a bearish movement towards the lower trendline of the Weekly ascending channel at 2569.00
e)We will move our stop to break even when the price reaches 2865.25
Aviso legal
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