Update on ES (S&P500 Futures) by ThinkingAntsOk
Main items we can see on the chart:
a) The price is above a significant Support Zone
b) Currently, we can see a corrective Structure on it
c) we forecast that if the price breaks the Structure, a new bullish movement will come towards the next resistance zone
d) If you are looking to develop setups on this Analysis, we will only do it after a clear BreakOut of the upper trendline of the corrective Structure
e) There you can look for opportunities on the 1h or 30m chart.
a) The price is above a significant Support Zone
b) Currently, we can see a corrective Structure on it
c) we forecast that if the price breaks the Structure, a new bullish movement will come towards the next resistance zone
d) If you are looking to develop setups on this Analysis, we will only do it after a clear BreakOut of the upper trendline of the corrective Structure
e) There you can look for opportunities on the 1h or 30m chart.
