25 year monthly study of ES
Annotations included on the chart:
This chart is essentially demonstrating just how far the market is capable of pulling back. The chart includes key levels and the years of notable highs / lows as well as + / - rejection boxes showing where price pivots as well as how perfectly, years later, price is capable of traveling far distances to perfectly tap back into an old rejection block. Most notably the 2020 pullback that perfectly filled the small rejection block created when price was finally able to make a break above in 2016.
This chart is essentially demonstrating just how far the market is capable of pulling back. The chart includes key levels and the years of notable highs / lows as well as + / - rejection boxes showing where price pivots as well as how perfectly, years later, price is capable of traveling far distances to perfectly tap back into an old rejection block. Most notably the 2020 pullback that perfectly filled the small rejection block created when price was finally able to make a break above in 2016.
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