- Despite today's bullishness the pattern in 4 hour looks like a bearish wedge like pattern.
- One hour time frame continues to be bullish with the Hourly cloud giving nonstop support for ES Bulls.
- Unless the structure of HH and HL change there will not be bigger correction in Hourly charts.
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- ES Hour continues to take support at the Hourly cloud.
- Break and close below the cloud may lead to a correction.
- 4 Hour chart shows a contraction channel. This channel must resolve for bigger moves to follow.
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