June 30, 2011

Rising Wedge of ES

CHART-II
  • Wedge break on the upside. 
  • Stay long till weakness is seen.
CHART-I
  • ES 30 Minutes chart with rising wedge pattern.
  • Bearishness will be confirmed if price stays below 50 period moving average shown in the second chart.
  • Price sustaining above 50 Period moving average will continue to favor bulls.

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