$ES #ES-mini #trading futures #trading setup
This rally in a wave ( iii ) up should be followed by a corrective pullback in a wave ( iv ) down.
The ideal level for the wave ( iii ) up to top is 5,207 – 5,220.
If we zoom-in to a 120 min chart we can see a path leading to that target:
This rally in a wave ( iii ) up should be folllowed by a corrective pullback in a wave ( iv ) down. The target for wave (iv) down is the Green Box. That scenario allows bears to produce a corrective pullback back down to 4,900 – 4,800.