ES-4-5-19-8-20-AM

Waves “b” of any degree are hardly predictable both in terms of depth and its structure. What we know for sure is that it should hold over the critical support of 2,871 and it should be followed by another rally to a higher high in wave c of v. Therefore the best trade setups here would be either to buy a deep wave b down with a stop under 2,871 to ride that final rally in wave c of v. Or patiently wait for the last micro rally in wave c of v to get completed and go short.