Here's a two day 15m chart for ES. The 5866.50 target from last week held twice now. Now we're forming a descending channel with my previous line in the sand above around 5892.

Will be looking for a channel breakout for a quick move back up to the 5900 area, or looking for a break down below 5866.50 for a move back down to the bottom of the channel and potentially back to demand around 5830 if it keeps going from there.
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Nice move after the 5866.50 break. It tried to hold several times but just couldn't do it in the end. Demand target just hit 🎯

Would close shorts here and reassess after some more action.
Chart PatternsTrend Analysis

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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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