appears no other way to interpret todays price action but as a failed break out. opex normally finishes positive to neutral on friday. any further downward movement brings into play the two support levels noted.
nice .618 level coincides. looking for more clues. 3 bar move?
would be even more bullish. i dont have high confidence in this pattern playing out but thats a bull flag. a retrace move "should" have had a lower angle of upward slope. the longer this consolidates the stronger the move will be. price consolidating under the hourly 200 sma is bullish.
break out patterns forming going into friday and opex is rarely a down week
maybe here. not super high conviction but if es 2825 then yes
at some point in the near future i think this line comes into play. break out backtest, fail, breakdown backtest, break out backtest
fib and TL both point to 250 where weekly stochastic and rsi are likely to roll over