Thursday, April 10, 2008

ES TREND Chart: PRICE is still trying to establish the end of Leg 1 of Bull Break

My ES SWING Chart above...

My ES TREND Chart above...
As you can see, PRICE is still trying to establish Leg 1 of Bull Break, on the TREND Chart. With PRIME Resistance fast approaching, we could possibly invalidate Leg 1 altogether, if PRICE on the SWING Chart is anything to go by. PRICE is already in PRICE, on the SWING Chart, and has technically created a PRIME Higher Low.
Thus from here, the expectation is for PRICE to create a PRIME Lower High, on the TREND Chart, but do take into consideration what is happening, on the SWING Chart...

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