ES Weekly Analysis: Aug 5 2024
From the monthly perspective ES is falling to close a monthly FVG of support at 5088. If price action breaks past this level of support, or forms a bearish candlestick pattern at this level, we could continue to fall and test the close of the weekly FVG at 4972 (major support level).
(Still awaiting bullish reversal pattern to form before considering to ride price back up to the gap opening at 5330)
(Still awaiting bullish reversal pattern to form before considering to ride price back up to the gap opening at 5330)
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