At the begining, SMASH THAT LIKE AND SUBSCRIBE FOR FUTURE IDEAS!!
****************************************
As you can see in my previous tradingview ideas, i have a slightly different vision about technical analysis. I deeply believe that everything in nature can be modeled mathematically including market prices and movements.
Our market today is the ES1!, i reaally like this one because it shows clearly the patterns that i am trying to explain on my analysis ideas and u will be able to see by the end the real magic of maths.
******************************************
- Firstly, the red line is a strong support for ES1!. You can clone it as it was done on the graph and you will notice that the same support slope is valid for all the bullish trends since the oldest contract.
- The green line is the second support with a larger angle for ES. I cloned it frequently on the graph in order to show you that this market is suported by this line on the mojority of midterm bullish trends.
- The golden triangle here is the pattern that governs the majority of ES1! price movements, you can see on the graph that every small or big price movement is along the same angle of the golden triangle "different proportions with same angle" when it settles on the green line.
( You can move on the graph till 1997 to see the cloned red and green lines and golden triangles)
- So the price move firsly on the red line --> jump and settles on the green lines --> then move along the golden angles (see the model at the bottom of the graph)
"you can use this on every timeframe"
**************************
Conclusion:
The overall shape of ES1! is bullish, but we should wait until the settlement of the price along a possible dotted green line like it was stated on the graph in order to open a SHORT or LONG position. the price will either jump to the upper dotted line or go back to the lower ones, or even it may break the red line REMEMBER WE'RE STILL IN A FINANCIAL CRISIS.
****************************************
As you can see in my previous tradingview ideas, i have a slightly different vision about technical analysis. I deeply believe that everything in nature can be modeled mathematically including market prices and movements.
Our market today is the ES1!, i reaally like this one because it shows clearly the patterns that i am trying to explain on my analysis ideas and u will be able to see by the end the real magic of maths.
******************************************
- Firstly, the red line is a strong support for ES1!. You can clone it as it was done on the graph and you will notice that the same support slope is valid for all the bullish trends since the oldest contract.
- The green line is the second support with a larger angle for ES. I cloned it frequently on the graph in order to show you that this market is suported by this line on the mojority of midterm bullish trends.
- The golden triangle here is the pattern that governs the majority of ES1! price movements, you can see on the graph that every small or big price movement is along the same angle of the golden triangle "different proportions with same angle" when it settles on the green line.
( You can move on the graph till 1997 to see the cloned red and green lines and golden triangles)
- So the price move firsly on the red line --> jump and settles on the green lines --> then move along the golden angles (see the model at the bottom of the graph)
"you can use this on every timeframe"
**************************
Conclusion:
The overall shape of ES1! is bullish, but we should wait until the settlement of the price along a possible dotted green line like it was stated on the graph in order to open a SHORT or LONG position. the price will either jump to the upper dotted line or go back to the lower ones, or even it may break the red line REMEMBER WE'RE STILL IN A FINANCIAL CRISIS.
Comment:
Forgot to put the trend based fibonacci extension which coincides with the dotted green lines
Comment:
#ES1! moves from 16th June in a range along the pattern explained
