$ES #ES #trading setup #Elliott Wave
Bears have a decent setup for a strong drop in a subwave -c- of wave -y- down:
ES-mini 30 min chart
Break under support of the upward sloped blue trend line would open the door for a strong drop down to the Green Box that starts at 5,303.
5,506 is the key level to watch this morning:
ES-mini 30 min chart
What bears need is a spike over 5,506 followed by a brutal bearish reversal and push under that level triggering the textbook “failed breakout” short setup.
#ES $ES #Elliott Wave Yesterday morning I got you prepared for one more push lower to test and undershoot the
#ES $ES #Elliott Wave #seasonality #fractals The March 2023 bottom looks very similar to that consolidation: ES-mini 240 min, March
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