The 3 Star ✨ pattern on the Daily chart shows us the possibility of ending upward momentum and the beginning of a new downtrend.
I see the price shows divergences. This might try to reach the Weekly R1 and then falls at least Weekly S1.
I see still a bearish trend! Following the bearish trending line, the price might go until weekly S2, the bounce there, and fall until weekly S3. But I will wait to confirm that.
Probability: 65% We have a Sell signal Stop loss:3570.25 Take profit: 3549.75 High Risk with a good probability and opportinuity
Depending on a lot of sign ES1! going to be With a huge endurance decreased and it's the perfect time to sell.
Based on my Elliott analysis, the ES has been going long for 7 years now, and it appears to be coming to an end based on Elliott patterns. If correct, we are currently in an Ending Diagonal Triangle which are only found in wave 5 or C of the Elliott wave Analysis. 2240 appears to be the area where price should show some resistance, however, prices could also...