$ES #ES #trading setup #Elliott Waves
So we got an (a)-(b)-(c) up move back to re-test the broken neckline from below:
Let’s zoom in:
Bulls have hit the red supply zone. It is possible that this rally extends up to 4,420, the 41.4% retracement of the preceding decline.
I expect that this attempt to break over the red supply zone will fail and bears push it back under 4,400.
$ES #Month Opening Range Yesterday, I anticipated a classic “pump-and-dump” scenario following the FOMC announcement. However, that move didn’t materialize.
#FOMC #ES #corrective (a)-(b)-(c) The ES-mini bounced off the early April low in a three-wave corrective structure. So far, wave
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