- We saw the Second long shadow at the 200 SMA and discussed the possibility of 2700 again But i was not expecting a complete reversal. Its not yet a complete reversal, Week need to close above 2760 for bulls to confirm strength in Weekly time frame. Today's close being a weekly one is crucial for Both bulls and bears.
- Fall below 2689 may trigger a correction today. Staying above the hourly trend line will continue to favour bulls to extend gains.
- ES Hourly bullish "W" Pattern which worked well
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
February 16, 2018
ES Chart Analysis after closing bell
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