- ES one hour chart shows a Cup and Handle like price action which is a bullish pattern.
- One hour chart also has done a bullish cross of 50 above 200 Hour SMA.
- But the bigger time frame four hour chart has a bearish cross. For the bearishness to be negated price need to sustain above crucial moving averages. otherwise the larger time frame is likely to win after a small bounce.
No comments:
Post a Comment