Trader522

Awaiting a correction soon

Kort
Trader522 Uppdaterad   
CME_MINI:ES1!   S&P 500 E-mini terminer
Waiting for a correction down in this market soon. I have exited most of my long positions, but do still keep one alive to try time the breakout.

A few points in favor of this idea;
  • There are two wedges forming inside the daily channel
  • Upper channel line has already been touched once by last bullish wave.
  • Bollinger bands are getting very narrow, implying a breakout (most likely down) soon.
Kommentera:
Possibly some more upside before a correction:

Kommentera:
Possible long term development. Several wedges developing:

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