My ES Position Chart above...I've decided to post my ES Position Chart, to show the extent of the damage done so far. We are clearly still in Leg 1 of Back Door Bull Break as seen above and PRICE, when done going down, will have to head back up to challenge last PRIME Resistance (1526.75), and fail, to give us a Lower High - for Leg 2 to be establish.
Three Legs (LL, LH, then LL) are needed to change it into a Bear TREND but the Second Leg gives one a chance to "clear out all LONG positions".
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