Simplified ES view.. rectangle range?

UPDATE ON Tues 8:30 AM: The post below is retracted. It's not a rectangle, its broadening megaphone, becauseTues pre-market ES made another new low. Technical analysis DOES ALLOW for drawing trendlines through prices in certain circumstances, but this is now too much. For me, it's now a broadening megaphone, which can resolve in either direction.

I'm leaving the post but I consider the post below INVALID.

Original post:
One idea is to consider the daily and 60min charts as a rectangle range as
opposed to broadening or any other creative alternative, because sometimes the
simplest explanation just works best methinks.

In the charts below, I've taken the TA liberty of drawing the pricelines THROUGH prices instead of at exact highs and lows, in order to accomadate marginal new highs or lows.

In this view, ES is still in the rectangle range.





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