Price Coiling Up For A Trend Move - March 11 Chart and Plan

Two days ago, I warned that everything in ES between 4260 and 4140 was going to be a “brutal chop zone” and this has essentially played out. This past week, people who stick to simple labels like “bull” or “bear” have again both been trapped multiple times and its been - as always - the traders who can react off the levels who come out ahead. Its helpful to ask though why price has been bouncing up and down repetitively between the 4260 zone and the high 4100s low 4200s. The answer: Its now forming a triangle pattern. This means that the end of the consolidation is finally in sight, and there is now a clear pattern to setup the next multi-week trend leg. Will discuss it today