February 1, 2016

  • ES 4 hour chart shows price above the ascending triangle pattern.
  • Daily chart shows price near 50% retrace level.
  • 1 Hour chart shows retrace levels for the current bounce. price trying to stay above 23.6% Fib level. 

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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore