March 19, 2015

ES Range and Resistance line

  • ES 4 hour chart shows price moving in a range. Price for now is in the bullish part of the range. 4 Hour chart also shows price above the cloud.
  • For bears there is hope as price is nearing a resistance line as shown in last chart. Since this line has worked well so far in daily time frame it may stop bulls from making bigger up moves.
  • ES CUP AND HANDLE PATTERN
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