ABC Forecast on ES (SPX Futures) by ThinkingAntsOk
Use this as a guide to develop your view of the chart.
Main items we can see on the Daily Timeframe.
a)The price has reached a major support zone (finalization of the bearish movement November 2018)
b)Based on previous scenarios we expect an ABC pattern after the first wave of the bullish movement
c)We forecast a movement towards 2800 (this will be a correction of the previous bearish trend)
d)We don't know yet if the formation is going to be a Flat pattern / Wedge Patter / Flag Pattern
Main items we can see on the Daily Timeframe.
a)The price has reached a major support zone (finalization of the bearish movement November 2018)
b)Based on previous scenarios we expect an ABC pattern after the first wave of the bullish movement
c)We forecast a movement towards 2800 (this will be a correction of the previous bearish trend)
d)We don't know yet if the formation is going to be a Flat pattern / Wedge Patter / Flag Pattern