$ES #ES-mini #breakout
Bears had to break under 6,597 support. They tried once but failed.
Failure of bears to break support and start a move down can inspire bulls to start a new leg up:
ES-mini 240 min chart
Let’s zoom in to a 10 min chart:
ES-mini 10 min chart
Break over the Daily Resistance 6,731.25 would trigger a shot covering rally targeting 6,807.
To trigger the primary bearish scenario bears need to push ES under 6,696.
$ES #ES-mini #Elliott Wave Yesterday bulls had a breakout setup that allowed them to start an accelerated phase of a
$ES #ES-mini #trading setup #ElliottWave ES keeps consolidating building a base under the key resistance 6,794: ES-mini 10 min chart
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