ES has a '3 rising valleys' pattern plus two trendline breakouts. Their targets are spread out between 5100 and 5175. To achieve them tonight, we'd need to see some solid buying emerge. An alternative formation for ES would be to drop into a double bottom. I'm thinking that's less likely because it's oversold on many TFs.
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- Day traders' after-market lounge April 23
Day traders' after-market lounge April 23, page-7
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