$ES #ES-mini #trading setup
Yesterday algos run stops of bears by playing a failed breakout by overshooting resistance 5,344.50. The failed breakout was followed by a strong drop to the main support.
This morning during the pre-market session algos triggered protective stops of bulls by undershooting the support 5,192. But then bulls reclaimed the broken support. So we got a bullish failed breakdown setup.
As a result the i up, ii down long setup is still alive.
$ES #ES-mini #Elliott Wave I have been tracking two scenarios and both allow bulls to push ES-mini to 6,000. Let’s
$ES #ES-mini #trading setup #Elliott Wave We started Tuesday morning with a picture perfect short setup: ES-mini 30 min chart
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