$ES #ES-mini #Elliott Wave
I use yellow boxes to highlight flat consolidations that follow strong impulsive rallies:

ES-mini 120 min chart
That bullish pattern can be called re-accumulation.
Such flat directionless -a-b-c- moves locked inside a box often finds support at the previously made high:

ES-mini 120 min chart
Note how I drew the green box at the levels that used to work as resistance and now they turn as a support.
Let’s look at the levels drawn by my Cycle Trader indicator:

For three days in a row bulls have been holding ES mini at the blue daily support.
Bears made three attempts to break under those levels but failed.
Note how the failed breakdown under the Daily support attempted by bears this morning triggered a big spike up.