Small Channel on the 2H S&P500 ES1! -minis
Updated
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.
Note
Overlooked the 4000 Line, will be cautious and take some off the table right here.Note
(that is 3999)Note
Aaand we had a pretty decent and clean move to the upside. TA rocks!
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