Technically speaking BitCoin has come back to life. We do not trade BitCoin futures but…
. . . and this is what we observed using DeltaPrint. Short and sweet, no circles, rectangles or anything else other than a cursory glance needed for this one.
This would be considered to be an “add on” analysis. The ES was already up then corrected back to earlier resistance levels that turned into support. Patterns are created from symbols that you recognize. A long side trade with stops set below support (to minimize loss if incorrect) should be considered and this is a pattern to remember.
The ES contract tested this support level on four different occasions before closing more than ten points higher by the end of the trading day. Patterns are good things to recognize.