TradeWize · free chart read

ES broke out of a falling wedge 6 bars ago after the daily uptrend broke. Below $7637.21 the break has failed.

ES=F · 1H · read on 2026-09-02 · Broke above $7637.21 6 bars ago on normal volume. No retest yet.

What the read found

Trend: lower highs and lower lows over the window, 5 steps across 67 bars — and that run is OVER: price closed above the last lower high 5 bars ago. Do not describe it as a trend that is still running.
Formation: falling wedge — Broke above $7637.21 6 bars ago on normal volume. No retest yet.
Decides above: $7700.21 (the measured move)
Decides below: $7637.21 (the breakout)
Support: $7639.25
Support: $7620.00
Level history: The last five times price reached $7639.25 it held every time, bouncing 0.4% on average.
Level history: The last two times price reached $7620.00 it held every time, bouncing 0.9% on average.

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Every figure on this page was computed from the real candles up to 2026-09-02. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns