November 8, 2017

ES Analysis after closing bell

  • First chart shows the 4 hour time frame with a possible false breakout situation. Mostly when price falls back into such patterns it does a Swift move in the opposite direction of the breakout. But here ES is still in strong up trend and hence the momentum for bears is missing.
  • As chart 2 and 3 shows there are plenty of strong support zones for bulls which has to be violated for a bigger correction to be seen. As of now Bulls remain safe and strong.

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