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ES - keeps following the micro Five Wave up fractal
ES mini keeps following the micro five wave up fractal started off the 2,891 low on 4/18/2019. A subscriber of my private educational Discord chart has just asked me what the reason why I count this micro five up. Let me share with you my explanation:
“The point is that we have a very completed structure to upside in ES. When that happens on a higher timeframe like 90 min or 45 min as is the case on ES we start nailing every micro and nano completed structure to upside in ES and downside in TVIX. That is why I focus on this 5 min chart to nail a completion of that micro five wave fractal to re-short.”
Last night I added 123.6% ext fib at 2,947.50 as the target for micro wave iii up and outlined my expectation for the following push down in iv down. That scenario has played out well. Now we need to get the final push higher in the micro v up.
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