Crude Oil still holds inside the bullish looking descending wedge:
That move up into the upper egde of that wedge can be counted as a micro wave -i- up, to be followed by a corrective a-b-c pullback in a wave -ii- down. If bulls manage top push Crude out of the wedge and then we get a corrective a-b-c pullback to re-test the broken bullish wedge from above that would be an attractive micro long setup.
$ES #ELLIOTT WAVE #trading setup #short setup Bulls squeezed a slighly higher high on Thursday. But ES closed back under
$ES #Month Opening Range Yesterday, I anticipated a classic “pump-and-dump” scenario following the FOMC announcement. However, that move didn’t materialize.
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