CHART-II
- Price has broken the blue dotted line shown in the below chart. As of now it is looking good for bears.
- If price continue to stay below the resistance line it may target or reverse to the 50 period moving average of four hour time frame.
CHART-I
- SPX Four hour chart Hits the parallel line and is getting ready for a correction
- If price breaks the blue dotted line we may see a fall in SPX.
- For bulls price need to break above this pattern.
- ES - INTRADAY TRIANGLE PATTERN
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