ES1! Monthly Butterfly
Looks like a bearish butterfly is complete on ES,
Typical targets are usually between the A-C points or possibly extending down to around 2800 or so which would be a pretty large correction
Medium term fib cluster levels shown for possible short term bounce
If it really starts to fall and in all honesty I think looking at some of the FANG stocks that have such a large weighting on the indices and the JPY carry trades unwinding I think a deeper retracement is likely as there is a general sense of de-risking...
No trade for me but pretty clear example
Typical targets are usually between the A-C points or possibly extending down to around 2800 or so which would be a pretty large correction
Medium term fib cluster levels shown for possible short term bounce
If it really starts to fall and in all honesty I think looking at some of the FANG stocks that have such a large weighting on the indices and the JPY carry trades unwinding I think a deeper retracement is likely as there is a general sense of de-risking...
No trade for me but pretty clear example
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.