Live monitoring of the Descending Triangle setup on ES. See where price is heading.
Bearish continuation pattern.
Consolidation. Can break either way.
ES is showing interesting structural developments at $69.01. With a last close of $69.01, volatility remains active (0.48%). The primary technical feature is a Descending Triangle formation. This setup is supported by average volume turnover. A potential breakout level is identified at $66.32, targeting $57.67 with support near $71.2 (R:R 1.77).
What is your outlook on ES?