March 13, 2018

ES One hour trend line | Ichimoku cloud update

  • One hour trying to hold above the trend line.
  • Ichimoku cloud too is trying to give support for bulls.
  • Hourly candlestick is a bullish Doji. Current candle must close in green to confirm strength.

ES Charts after closing bell | Channel cloud and PIN Bar

  • One hour is in a bullish channel. For now price has fallen to the bearish part of the channel.
  • Daily candle is a PIN BAR. This candle does need confirmation with a lower opening and a red candle for a possible down swing to start in Daily time frame.
  • 30 Minutes continue to stay on the cloud. If price does not fall below the cloud another bounce above 2800 levels can happen.