ES1! - The Inverted H&S that's forming under the radar?
NEUTRAL-LONG - Inverted H&S forming.
Disregarding the fed motivated move(100%up, then 100% correction - COMPLETE NON-SENSE movement..,) there's an inverted H&S forming.. It's strange I haven't seen any sort of mentions on it, possibly due to the choppy moves? In my opinion, this is still a valid formation. If you take a look back through the ES1 daily chart, you'll see how accurate this simple pattern is. I wanna see 4600 hold, followed by strong price action to the up-side, a move of that sort will further validate the pattern. As of now sitting on my hands as there is no real indicators of where this markets going.
Disregarding the fed motivated move(100%up, then 100% correction - COMPLETE NON-SENSE movement..,) there's an inverted H&S forming.. It's strange I haven't seen any sort of mentions on it, possibly due to the choppy moves? In my opinion, this is still a valid formation. If you take a look back through the ES1 daily chart, you'll see how accurate this simple pattern is. I wanna see 4600 hold, followed by strong price action to the up-side, a move of that sort will further validate the pattern. As of now sitting on my hands as there is no real indicators of where this markets going.