$ES #ES-mini #trading setup #ElliottWave
ES keeps consolidating building a base under the key resistance 6,794:

ES-mini 10 min chart
Let’s zoom out to see a potential path of the rally:

ES-mini 10 min chart
Bulls here have a long -i- up, -ii- down setup that allows bulls to trigger an accelerated rally in a micro wave -iii- up. Target 1 = 6,835, Target 2 = 6,855.
Protective stop = 6,774.

posted at 10-56 AM

ES-mini 10 min chart
This morning bulls failed to break over the Monthly Resistance 6,800.
if ES breaks under 6,774 I would take all the bullish bets off the table!