June 2, 2011

ES Bear Flag

CHART-II
  • Bear flag breakdown. ES may find support at 1302 level
CHART-I
  • If the bear flag works well for bears price can reach 1302 level. This level has good support.
  • If Flag fails and an upper breakout happens then 200 Hour moving average and cloud may act as resistance.
  • ES DAILY CHART ANALYSIS
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