ES Falling Wedge within Channel 051309
Broke out of top of Mid TF channel only to run into top of High TF channel. Had extremes on Low TF, and exited again. Will reassess.
Retested this low and actually went beyond to 880 area, setting up a falling wedge, the beginning low of which is point 3 of the 1-2-3-4. Initial target is the peak just above 883, next target will be the top of the channel. Assess at that point.