ES1! - Break of trend lines soon!
Here we have a 4 hr chart of the E-Mini S&P Futures.
The 4 hr chart established a down trend channel inside of a symmetrical triangle.
The 4 hr ES1! candles are nearing two key trend-lines - the bottom trend-line of the triangle and the top trend-line of the down channel.
MACD, Slow Stochastics, and RSI are indicating a positive break-out.
Wait for the break-out high or low and trade the price action to a nice profit!
~KP
The 4 hr chart established a down trend channel inside of a symmetrical triangle.
The 4 hr ES1! candles are nearing two key trend-lines - the bottom trend-line of the triangle and the top trend-line of the down channel.
MACD, Slow Stochastics, and RSI are indicating a positive break-out.
Wait for the break-out high or low and trade the price action to a nice profit!
~KP
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