ES1! Will Move Lower! Short!
Here is our detailed technical review for ES1!.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 4198.00.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 4170.50 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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