"Top and Bottom Analysis" ES-MINI SP500 by ThinkingAntsOk
4H CHART EXPLANATION:
Main Items we Observe on the Chart:
-Price broke out the bearish channel, starting a bullish movement.
-Currently, the price is inside a corrective structure and is trying to break out with low volume.
-The las support of the price is the middle trendline of the weekly ascending channel.
Based on this if the price breaks out below 2834.0 with close candlesticks we expect a continuation of the bearish movement towards 2730.00 paying attention to the middle support zone at 2793.00
MULTI TIMEFRAME VISION:
-Weekly :
-Daily:
Main Items we Observe on the Chart:
-Price broke out the bearish channel, starting a bullish movement.
-Currently, the price is inside a corrective structure and is trying to break out with low volume.
-The las support of the price is the middle trendline of the weekly ascending channel.
Based on this if the price breaks out below 2834.0 with close candlesticks we expect a continuation of the bearish movement towards 2730.00 paying attention to the middle support zone at 2793.00
MULTI TIMEFRAME VISION:
-Weekly :
-Daily:
Disclaimer
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