Until the local highs made on July 13th, I had been viewing the ES futures as forming a consolidating continuation wedge. With the recent highs, it has now taken the form of a bearish wedge, complete with RSI divergence.
The structure will have the same conclusion. When it is complete, price action will quickly resolve to the downside.
The structure will have the same conclusion. When it is complete, price action will quickly resolve to the downside.
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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.