Update on 
ES :
Pattern : (ABC AKA. Zig-Zag)
Summary : We got what we expected we rejected from
Daily / 12hr supply and with that we expected to come down to "Monthly Demand"
where we got a good reaction so with both
we were correct. If you made money , Congrats!!!. Now how do I see us potentially ending?
My idea here is a "Ending Diagonal"
which leaves room for "Filling orders" to then make a run up.
Also obviously if we somehow don't bounce and come below the "Monthly Demand"
I expect to come "Extensively" more down but thats why we have "Risk management" for
and "Invalidations" : ) .
- Rsi on Daily we still have "Bullish divergence",
Aswell, Market Cipher on the Daily has printed
a "Big Buy". Weekly Rsi we are coming into "Oversold Territory" and with that
the past 2 times that has happened ,we've at least have had a "Strong Bounce".
-"Invalidations , are given on the chart for the "Ending Diagonal""
Weaknesses : 5th wave volume is starting downtrend but is still significantly high
ES :Pattern : (ABC AKA. Zig-Zag)
Summary : We got what we expected we rejected from
Daily / 12hr supply and with that we expected to come down to "Monthly Demand"
where we got a good reaction so with both
we were correct. If you made money , Congrats!!!. Now how do I see us potentially ending?
My idea here is a "Ending Diagonal"
which leaves room for "Filling orders" to then make a run up.
Also obviously if we somehow don't bounce and come below the "Monthly Demand"
I expect to come "Extensively" more down but thats why we have "Risk management" for
and "Invalidations" : ) .
- Rsi on Daily we still have "Bullish divergence",
Aswell, Market Cipher on the Daily has printed
a "Big Buy". Weekly Rsi we are coming into "Oversold Territory" and with that
the past 2 times that has happened ,we've at least have had a "Strong Bounce".
-"Invalidations , are given on the chart for the "Ending Diagonal""
Weaknesses : 5th wave volume is starting downtrend but is still significantly high
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.