$ES: Keeps Following the Corrective a-b-c up Path Nicely

$ES #ES-mini #trading setup #a-b-c up #Elliott Wave

Yesterday I shared an expected path for continuation of the corrective a-b-c up bounce off the low made last Friday:

In my Premium Chat room I shared this micro path on a 15 min chart:

ES-15 min chart posted at 3-42 Pm on 22 Aug 2023

This is how that chart looks like now:

As long as bulls hold ES over 4,371 that consolidation looks bullish because it is building a flat base for another push higher in the second leg up off the Friday morning low.

Now let’s zoom out to a 240 min chart to see a bigger picture:

I think ES-mini keeps working on a large corrective –a up, -b- down, -c- up corrective structure in a wave B up targeting the Red Box. In the previous report I explained that such a rally would complete the Right shoulder of macro bearish “head and shoulders” reversal pattern.

BONUS:

Note how the 55 Hull MA turned up strongly on 240 min chart (it turned to green from red):

Not that green Hull MA will be working as a support (that Hull 55 MA is currently located at 4,383.50).

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$ES: Bullish Reversal Setup: Inverse Head and Shoulders

$ES #trading setup #bullish reversal This morning I correctly predicted a pullback after the pre-market rally. After that pullback bulls got a charged Inverse Head and Shoulders pattern, a reliable bullish reversal setup: We can

CastAwayTrader October 4, 2023

$ES: Hit The Target Box and Popped with Gusto

$ES #ES #trading setup #Elliott Wave In my afternoon update yesterday I noted that ES was going to make another push down and that drop would be th efinal squiggle of the whole move down:

CastAwayTrader October 4, 2023

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