S&P500 [ES] | Potential False Breakout of Head and Shoulders E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! AidanMDang /ES completed a textbook head and shoulders pattern yesterday. Price broke the neckline overnight but it is very possible that this breakout is a simple liquidity hunt. There is a clear parallel channel ( bull flag ) that price has respected. Watch for a bounce within the channel. A breakout of the upper resistance can push price to 4000 Goodluck! Let me know what you think in the comments and leave a like if you agree with my analysis! ππ½