ES:
Daily:
-broke below uptrend rsi channel
-broke below uptrend price action
-inc volume
Weekly: (not shown here)
-rsi trending downward within a larger uptrend channel
-looks like a topping candle unless Th/Fri are stellar bounce back days
If today started a true correction and there is no fake out, one-day-wonder break below these trendlines, it should last a few weeks. tbd...
Daily:
-broke below uptrend rsi channel
-broke below uptrend price action
-inc volume
Weekly: (not shown here)
-rsi trending downward within a larger uptrend channel
-looks like a topping candle unless Th/Fri are stellar bounce back days
If today started a true correction and there is no fake out, one-day-wonder break below these trendlines, it should last a few weeks. tbd...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.