ES Potential 22 Reversal Down
Price still at the top of the price story box
Price closed with a candle body over the yearly .50 retest. Very good sign this price action will expand through the price story and start a new one. However, although we got the close above the yearly .50 on the weekly, we still closed inside the weekly BF. So we will likely pullback first. This thesis is still intact, so Ill keep it for this week as well.
Price prediction for this week
- See video on how to play ES this week.
- Monthly trigger $4142.50 is the pivot for this week
- Below this level comes Yearly BF
- Above this level comes Yearly .50 and Weekly .50
- PRICE TARGETS
- For the bulls $4175 top of Price story box is your watch level.
- $4166.75
- Rejection here targets $4155.25, $4142.50
- $4142.50 fails the down side targets
- $4135.25 Weekly trigger
- $4113.75 this week yearly BF level
Be patient, price has been ranging so its not as clean as it would be in the past. But if you stick to these minor targets until we break you should make money or sit on your hands.
PRICE STORY
What to expect?
- Price is consolidating at the top of the price story box, it needs to build over 4175.00 for a chance to create a new story. Until then pay attention to your levels and be patient.
- Lets dive into the price story via video
