$ES #ES-mini #Elliott Wave #trading setup
Overnight price action delivered a textbook bear trap—bears briefly pushed below the previous low, only to be met with a swift and powerful bullish reversal. This deceptive move cleared out weak longs and triggered stops, creating the perfect springboard for a new leg higher.
The entire corrective structure is now neatly contained within the yellow rectangle I’ve highlighted.
ES-mini tick bar chart
Zooming out to the 120-minute chart, the same yellow box reveals a flat and shallow consolidation—typical of a subwave (b) down in a strong uptrend.
ES-mini 120 min chart
📌 Most importantly: The overnight dip landed precisely inside our Green Box, reinforcing the bullish setup.
Now bulls have a clean path to attempt a breakout above the Monthly Resistance at 6,333. A successful breach could open the door to a powerful leg up toward higher Fibonacci targets.
Stay alert— bullish momentum is building.
In My New Video Lesson No.93 I reviewed a micro structrure of the decline of EURUSD off the 2008 top. The micro wave count allows bears to push EUR lower one more time to complete a complex corrective Triple Three structure and provide bulls with an attractive generational long setup in Euro.
You can watch the lesson here:
In My New Video Lesson No.152 I shared a macro wave count of a weekly EURUSD chart and proposed a macro bullish ( 1 ) up ( 2 ) down long setup that promises a big rally for EUR.
Link to the video course:
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