Analysis on the ES Futures chart on the Weekly Time Frame
I am trying in this analysis to figure out the price movement of the ES futures in the coming months
Using the Bollinger Band as a simple tool to analyse I am basing this analysis on previous price action
and its relevance to the current place of price on the chart. We are revisiting the 20 WSMA and a significant
supply zone on the price front. We could see some resistance on the strong up move that we have seen in the
last 2 to 3 weeks and the rally may be coming to a climax in this cycle.
We should wait for the confirmation signals before we begin to trade on this analysis and commit our capital
only once the price action gives us the desired moves. I am not a registered financial advisor and just releasing
this idea as a piece of educational information on how price analysis can lead to action that can help us profit
from engagement with the market.
Please opine on this analysis and comment your views
Using the Bollinger Band as a simple tool to analyse I am basing this analysis on previous price action
and its relevance to the current place of price on the chart. We are revisiting the 20 WSMA and a significant
supply zone on the price front. We could see some resistance on the strong up move that we have seen in the
last 2 to 3 weeks and the rally may be coming to a climax in this cycle.
We should wait for the confirmation signals before we begin to trade on this analysis and commit our capital
only once the price action gives us the desired moves. I am not a registered financial advisor and just releasing
this idea as a piece of educational information on how price analysis can lead to action that can help us profit
from engagement with the market.
Please opine on this analysis and comment your views
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.