I look at ES and I can see good short opportunity. This does not meen it won’t go up but I see very big profit for down move short term. Why?
- Price is in up yellow wedge
- RSI is overbought or close.
- price is hitting resistance at up trendline in black which has been tested a lot of times both from a support side and a resistance side.
I will take short position if candle close below lower line of yellow up wedge.
You can see my price targets in the down arrows and yellow support areas to take partial profit. If price drop down to black support line then I should exit altogether because this is strong demand zone and then a good long opportunity.
Happy trading!
Ms. Bunny
- Price is in up yellow wedge
- RSI is overbought or close.
- price is hitting resistance at up trendline in black which has been tested a lot of times both from a support side and a resistance side.
I will take short position if candle close below lower line of yellow up wedge.
You can see my price targets in the down arrows and yellow support areas to take partial profit. If price drop down to black support line then I should exit altogether because this is strong demand zone and then a good long opportunity.
Happy trading!
Ms. Bunny