- ES Violated the triangle but took support between 1170 and 1174 for now.
- Now for Bulls price should trade above 1180. It it does not sustain above 1180 we may see a retest of today's low.
- Larger correction will be possible only if 1174 and 1170 gets broken.
- ES Triangle pattern in four hour chart
- Price is trading near the support line of the triangle
- This may act as support zone.
- Price may break the triangle support line too. Break of the Trend line should take out 1174 and 1170 for a bigger correction to take place.
- DOW JONES WEEKEND UPDATE