ES Basing: Bulls Have a Setup but Need to Move. Jan 3/4th Chart

Update sent out last night but figured I’d send out another quick one here. Volatile and trappy start to the year for ES but this is why zooming out is key, price ultimately still just basing on the 4hr chart after backtesting some supports this morning and focus will be on the move to come out of this range. One clear pattern in play here favoring bulls and critical for the direct bull case that bulls don’t drop ball on this one. Chart and analysis below