The ES is currently in a daily bearish pennant formation which coincides with a 4th wave retracement on the 240 min time frame. While price retraced into the "Red Zone", other indicators still point to a short trade at either the break of the bearish pennant pattern (around 2905) or the taking entry at the BITS signal which has formed just below it (entry at...
Got a gartley and bat that complete around the same area. Good thing I thought about this for my trading plan and am able to take action accordingly. Always at least a 1:1 for first target and 1:1.5 for second.
Good trading.
