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ES - needs another drop to start talking about long setups
First let me show you a model of the Five Wave up move off December 2018 low and mark where we are in ES-mini.
I have been talking for weeks about ES to top in wave ( A ) of ( 5 ). And I explained that we should get a corrective wave ( B ) down after that.
Ideally a perfect wave ( B ) down should be shaped as A-B-C where wave C should have an impulsive structure.
This is how it looks on the actual chart of ES-mini:
ES mini - 3,000 tick bar chart updated at 10:17 PM on 5/7/2019
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