October 20, 2017

ES Analysis after closing bell


  • The bearish rising wedge pattern did move towards Bears but only for a little while. Technically it reached the Target which was the base of the pattern But for the Negative divergence seen it could've done more. But bulls though otherwise.
  • Now the base of the pattern around 2540 becomes a crucial support zone since Bulls found support there during this correction.
  • Price in one hour has moved back above the cloud. 
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