Inverted Cup and Handle on ES - Possible Trend reversal
We still have to see how it breaks. I quickly posted this while it was developing. Cup is finished, and handle is formed and I've begun to take positions. TP 3626.5
Keep in mind M2k (RUT) is also following a similar pattern but not as defined (obviously just following PSX), it ALSO is sitting on top a megaphone Could be fireworks
Keep in mind M2k (RUT) is also following a similar pattern but not as defined (obviously just following PSX), it ALSO is sitting on top a megaphone Could be fireworks
Trade active
Starting to sell some short positions on MES (and a bit of M2k) on the high side of the channel, covering is and as they seem likely to retrace up.
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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.