Subscription: Access to Micro Counts of US indices
ES is climbing in a corrective wave b up of iv down
The count stays unchanged. The drop we got today finally confirmed completion of the wave iii up. Now the question is whether it was only subwave a of wave iv or all of wave iv… In ideal world we should see a well pronounced a-b-c down structure. But there is so called alternation guidance that says that waves 2 and 4 should alternate in depth and structure. If you look at wave ii down you will see that it was deep and had a nice a-b-c structure. According to alternation guidance wave iv may be shallow and look like a straight line. If that rally keeps climbing and retest the high we made yesterday it might be a good short setup to ride wave c of iv down.
Start to Learn Now!
Subscribe to my video course
and learn to predict market moves
YouTube Channel
Subscribe to my
YouTube channel
Check My Latest Updates!
Check out
the recent updates