ES is showing rising channel that suggests 1277 on a break, and i think your upper triangle line is aggressive, still inside for me...but who am i sensei?
OK, make it a bigger triangle. the target can only be measured after the breakout, so that's why I didn't bother to mention any target.
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trying the upper boundary. the bias is up as I said before because RSP looks like an Ascending Triangle so the rebound is broad based.
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lunch time, will be back. not sure if this is a valid breakout. since you like the target, so see highlighted area.
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Cobra wrote:lunch time, will be back. not sure if this is a valid breakout. since you like the target, so see highlighted area.
I think we are just trying to find patterns today...looks like nothing more than consolidation with a grind higher. Feds have a 2:00 beige book that may push us one way or the other.
Cobra wrote:lunch time, will be back. not sure if this is a valid breakout. since you like the target, so see highlighted area.
I think we are just trying to find patterns today...looks like nothing more than consolidation with a grind higher. Feds have a 2:00 beige book that may push us one way or the other.
Looks like I might be wrong picked up long position for the move