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ES Falling Wedge within Channel 051309




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Update

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Long reentries

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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.


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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.