ES Oversold But may continue to fall

• ES enters oversold level as shown with stochastic readings.
• But as shown with the ellipses Price continue to fall till stochastic turned up above 20% line.
• So now the only hope for bulls is that price is close to the bottom of the range. If stochastic turns up above 20% line we may see es taking support.
• Breaking below 1110 levels can add strength to this fall. Its a steep fall, Price momentum is high so the probability of ES taking support here is very low.
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