S&P500 [ES] | Potential False Breakout of Head and Shoulders
/ES completed a textbook head and shoulders pattern yesterday.
Price broke the neckline overnight but it is very possible that this breakout is a simple liquidity hunt.
There is a clear parallel channel (bull flag) that price has respected. Watch for a bounce within the channel.
A breakout of the upper resistance can push price to 4000
Goodluck!
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
Price broke the neckline overnight but it is very possible that this breakout is a simple liquidity hunt.
There is a clear parallel channel (bull flag) that price has respected. Watch for a bounce within the channel.
A breakout of the upper resistance can push price to 4000
Goodluck!
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.