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ES - we may get a corrective rally in wave ( iv ) up
If we look at 90 min chart ( below ) we can see ES may stretch lower in the current wave ( c ) of ( iii ) before a pullback in wave ( iv ) up.
Now let’s zoom -in to 4,500 tick bar chart. We can see that 2,732 is a good target for a bottom of that wave ( c ) of ( iii )
and the following corrective wave ( iv ) up may get back up to 2,800.