Breakback patterns are popular with Gann pattern traders as well as EW'ers....
As always needs to overbalance its lesser ALt's (-4) to show things are changing
5min ES
New intraday low :)
As a side note 1:1 measured moves, mean nothing technically, (as in sup/res) if price can not overbalance it lesser corrective ALts...
Thanks ed.... :)
ES could very well roll on an 88.6%
see what you think... 15min es
I have to remind myself to remove the bear goggles now and again....but :D :D