ES Potential Inverse Head & Shoulders
I've obviously been bearish lately and most of my ideas are for shorting. I don't do this on purpose, it's just what I see right now. Here's a bullish angle, ES may have bottomed there at 5400 while creating a right shoulder before a bigger leg up.
It's also possible we see the real right shoulder be put in later on, because it would be a lot cleaner if the shoulders lined up evenly. However, it's common to have a slanted pattern like this one, so the neckline could be important support/resistance as well.
It's also possible we see the real right shoulder be put in later on, because it would be a lot cleaner if the shoulders lined up evenly. However, it's common to have a slanted pattern like this one, so the neckline could be important support/resistance as well.
AP Academy Beta Registration Open:
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
Related publications
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.