ES is Setting Up a Retest of its Potential Triangle Top (Blue)
If a triangle was forming here, you’d expect a dip to roughly 1860 and then a surge back up to retest the potential triangle top (blue).
And ES has confirmed a falling megaphone (orange) on its 2-minute chart that requires roughly a retrace to the blue triangle top upon completion.
If ES goes blasting up through the triangle top on that retest (purple scenario), it will kill the triangle scenario.
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