5 Day Balance

5 day balance
5 day balance in ES. When the market breaks out of balance, the high or low of the range could be potential support or resistance from outside of the balance area.

ES Monthly Bar Chart:

ES monthly chart through 8-28-17
The ES has been one timeframing higher for 9 consecutive months. Trading below 2405.25 in August stops the one timeframing higher.

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