ES Potential 3-2-2
Price bounced off the Quarter .50 and printed a weekly doji meaning although the pattern is a 322 it can go either way. So we will play this by the levels and retest price action.
The main focus last week was to focus on what price would do at the Quarterly and price bounced for the second time. So if price approaches that level again for the 3rd time, it will come through it. Just put that as a mental note because as of now NQ is disconnected from ES and is showing bullish. Ill explain this in the video.
Price prediction for this week
- See video on how to play ES this week
- PRICE TARGETS
- $3924.25 Weekly Retest
- $3914.75 6m .50
- A bounce on those levels will target the following targets
- $4014.00 $4052
PRICE STORY
Last week Price did exactly as I stated and hit the bottom of the price story box. Price bounced and created a reversal pattern from that level. It is important those bounce levels I mentioned to hold or it could get ugly for ES.
What to expect?
- As of now price has hit the bottom of the price story box and is in a reversal pattern, although price looks bearish. I urge you to follow NQ on this one as it may be the leading indicator of the bullish reversal pattern playing out on ES.
- Lets dive into the price story via video
