$ES Weekly BIAS, Week of Oct 22nd, 2023
This is the Weekly BIAS for this week on 
ESZ2023
Price closed below the previous week’s low (PWL).
**→ Price is likely going to close below last week’s low.**
Where is price headed? We know that price is drawn to 1 of 2 things:
-Buy/Sell Stops (old highs or lows)
-Imbalances (FVGs)
**There are some old Weekly lows below, so we know that price is likely headed towards those old lows.**
ESZ2023 Price closed below the previous week’s low (PWL).
**→ Price is likely going to close below last week’s low.**
Where is price headed? We know that price is drawn to 1 of 2 things:
-Buy/Sell Stops (old highs or lows)
-Imbalances (FVGs)
**There are some old Weekly lows below, so we know that price is likely headed towards those old lows.**
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.
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.