$ES #ES #trading setup #Inverse Head and Shoulders
Overnight bears pushed ES-mini into my Green Target box:
ES-min 120 min chart
On a tick bar chart we can see a picture perfect bullish Inverse Head and Shoulders long setup:
ES-mini 20,000 tick bar chart
Bulls need to push ES-mini over the Red Supply Zone 5,523-5,528.
If bulls fail to break over the Red Supply zone and then bears push ES under the overnight low made at 5,466 that will confirm the Bearish scenario:
ES-mini Daily chart
Break under 5,466 will most likely be followed by an accelerated panic drive decline. The next important support will be 5,395, a 50% retracement of te Aug’24 rally.