Bulls may be targeting the top of the medium-term downward channel. A look into the consolidation zone ES has been trading within. Bullish candlestick formations on the monthly chart. Price Rallies Through Liquidity Zone We have seen higher prices in most equity markets since the CPI release came in lower than expected on November 10th. Read More…
ES price retraces into a liquidity zone at the same price as the Gaussian midline. Core inflation (CPI) and year-over-year inflation reports will be released tomorrow. A potential short-term 1-2-3 bearish pattern formation on the hourly chart. Daily Chart Analysis Looking at the daily chart, there are a few developments we can note. Toward the Read More…
The weekly chart shows a bullish false-break candlestick formation. Analyzing the support/resistance band on the 4-Hourly chart. A look into the 1-Hourly trend channel. False Break Candle The false break candle strategy is one we are familiar with at OneUp Trader, and for a good reason – its reliability! The pattern works because when the Read More…
Price bounces off the Parabola. The Cup & Handle target has been hit. ES maintains its bearish outlook and potential targets to note. The Cup & Handle From Last Week Last week we reviewed the Cup and Handle Pattern on the 1 Hourly ES chart here. Target 1 was met as the price bounced off Read More…
1-2-3 Reversal target hit A minor pullback on longer time frames expected Market Sentiment remains bullish 1-2-3 Reversal On 4-Hour Chart A very high probability chart pattern known as the 1-2-3 reversal was formed on the 4-hour time frame of the E-mini S&P 500 (ES). The first point was formed on June 17th, the second Read More…
The ES fell around 0.6% in premarket as Fed’s rate hike impact weighed on the index. Fed’s Powell announced that he would not consider a 75-bps rate hike in the next meeting. Covid-19 restrictions in China keep global stocks under pressure. The E-mini S&P 500 (ES) futures fell 0.6% in premarket trading. On Wednesday, the Read More…
