ES September CPI Bearish Pullback to weekly 21ema 1967 Template
Updated
I am basing my analysis on the template of 1967 pullback to the weekly 21ema.
Since we have yet to do so, and, CPI is tomorrow, I believe it will sell off to complete the lower high and hit the 21ema.
I am expecting a bounce back from the 21ema to break the highs and hit the upper trend line I have drawn.
Since we have yet to do so, and, CPI is tomorrow, I believe it will sell off to complete the lower high and hit the 21ema.
I am expecting a bounce back from the 21ema to break the highs and hit the upper trend line I have drawn.
Comment
250 Point Buy Off of the 21ema weekly and inside of the golden pocket. Comment
Since I am expecting a sell off, price needs to be pumped up before the dump. I do not know where at specifically that price will pump up to but I am looking for the dump down into the gap and into the peak formation low. All of this coincides with the weekly 21emaComment
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