Live monitoring of the Rectangle setup on ES. See where price is heading.
Sideways movement between parallel supports.
Bullish continuation pattern.
Consolidation. Can break either way.
Technical analysis of Eversource Energy (ES) reveals a significant setup. Currently at $69.59, the asset is showing upward momentum (0.78%). Algorithmically, a Ascending Triangle structure has completed. The trend indicator is reading 9.6/100, suggesting moderate momentum. A potential breakout level is identified at $71.46, targeting $77.37 with support near $67.33 (R:R 1.43).
What is your outlook on ES?