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ES - going micro
This is how I see that path to 2,800 support.
The rule of thumb is every time you want to countertrade a strong impulsive move never try to resist wave iii of any degree. Wait first for a micro pullback in wave iv. If you get a micro pullback in iv up wait for the final wave v making a new lower low.
How you can now if a pullback was iv up. It should follow a wave iii down that (i) should be subdivided into a-b-c where c is longer than a and (ii) wave iii should extend at least to 176.4% of wave i down.
ES 3000 ticks updated at 11:41 AM on 5/9/2019
There is another much less bearish count where ES has been following a Double Three W-X-Y structure.
W-X-Y is a corrective pattern connected of a pair pf A-B-C’s.
ES 3000 ticks count under the "Less Bearish" W-X-Y count - updated at 11:20 AM on 5/9/2019
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