March 27, 2018

ES Bulls does a Bullish engulfing at 200 SMA | One hour cloud

  • ES bulls is doing a bullish engulfing from 200 Day SMA. Considering the place it has occurred this has to be treated as a strong signal. But as always candlestick patterns does need confirmation.
  • Hourly chart shows price running into the cloud. More bullish signs if price manages to move above the hourly cloud. Bears hoping that price will find resistance at the cloud. 

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