ES hitting potential trendline
There's a trendline forming. This is the most crucial part to see if it respects the trendline for the 3rd touch which would make it a valid bullish trendline. If it holds, we should be going to the tops again.
On the 4HR we're about to be oversold on the RSI which indicates a potential reversal. Knowing that the RSI is oversold and we're about to make a potential valid trendline on the dailychart gives great confidende to stay bullish.
On the 4HR we're about to be oversold on the RSI which indicates a potential reversal. Knowing that the RSI is oversold and we're about to make a potential valid trendline on the dailychart gives great confidende to stay bullish.
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