$ES #ES-mini #trading setup
This drop to a lower low makes me consider ES-mini having topped in a wave ( iii ) up:
ES-mini 90 min chart
We can count that drop as a subwave -c- of wave (a) of ( iv ) down.
Note ES just dropped out of teh upward sloped channel.
There are two support levels / targets set buy lows made by two previous corrective waves iv down:
- the target 1 = 5,167. Ideal target for the subwave (aa) of (iv), and
- the target 2 = 5,022, the ideal target for the subwave (c) of (iv) down.