Thoughts
So who's going to win this one day reversal slug fest for control of a trend, and why do you think so?
Personally I think the ascending triangle is really the biggest bear flag the market has ever seen. Look at that flag pole from 1441 ES. And let's not forget that the ascending triangle is a continuation pattern. We're in a bull market, really?
If it is a bear flag, the breakout level is 1231.43. The target in a flag is found by subtracting the breakout level from the beginning of the flag pole and adding the difference to the breakout level.
ES 1021.86 target for a correction from a bear flag.
What are you guys coming up with?
Personally I think the ascending triangle is really the biggest bear flag the market has ever seen. Look at that flag pole from 1441 ES. And let's not forget that the ascending triangle is a continuation pattern. We're in a bull market, really?
If it is a bear flag, the breakout level is 1231.43. The target in a flag is found by subtracting the breakout level from the beginning of the flag pole and adding the difference to the breakout level.
ES 1021.86 target for a correction from a bear flag.
What are you guys coming up with?
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