RSI Trendline Crossover Approaching for ES1, Watch for Breakout
Updated
ES1! has been consolidating after hitting the daily low earlier during trading hours. Bears had a successful defense of the upper RSI trendline. Lower highs and lower lows on RSI have created two RSI trendlines that will reach a crossover point into the early morning trading hours and right before market open. Perfect timing for a breakout move.
Trade closed: target reached
Upper RSI trendline was breached at 22:25.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.