CHART - II
- Break of bear flag targeting 1304 region. But 1310.75 may act as support.
CHART - I
- ES Daily has stopped falling at the cloud.
- But 50 Day moving average will act as resistance on an up move.
- Hour is showing a bearish continuation pattern. But Things may favor bulls if price manages to sustain above 50 hour moving average.
- ES HITS THE CLOUD
CHART-II
- As discussed below price has reached the support line of the channel
- Now if price does not break the support line we may see price moving up and filling the GAP.
CHART-I
- Hour chart shows price moving in a channel with negative bias.
- Price is near the resistance line, Unless a breakout happens price is likely to move down towards the support line of the channel.
