ES to complete (X) with impulse c of (X) as trade resumes.
We look to have one more high in this three wave corrective move, with charts pointing to a challenge of 4500 to end (X). AS a of (X) was a leading diagonal structure, c should continue on with the form of an impulse, with b of (X) marked by Friday's post-Powell low.
From there, (w) = (Y) symmetry in shape and time gives a challenge of the 4211 level in mid September. Looking for a continued orderly march lower as volatility remains suppressed and drops find buyers at key pivots and levels.
BULLISH to 4500, then BEARISH in three waves to 4211 decision point.
From there, (w) = (Y) symmetry in shape and time gives a challenge of the 4211 level in mid September. Looking for a continued orderly march lower as volatility remains suppressed and drops find buyers at key pivots and levels.
BULLISH to 4500, then BEARISH in three waves to 4211 decision point.
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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.