$ES #ES-mini #corrective a-b-c dowb
To start a new leg up in a subwave -c- of wave -iii- up bulls need to have a solid base, a completed a-b-c down pullback / consolidation.
ES-mini 60 min chart
I do not expect a deep pullback here. The ideal case for bulls is to let bears produce a shallow a-b-c move down that tests the upper edge of the green demand zone.
The target for the first leg down in a micro wave a down is 6,746.
$NQ #i up – ii down setup #long setup We can consider NQ as having completed a bullish -i- up,
$ES #ES-mini #five wave up #breakout ES strongly spiked on CPI reading (even though CPI did not actually bring any
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