Looks like a leading diagonal in ES_F!

14 Okt 2021

Greetings traders! I was a little bit overly bearish on the ES_F, but how it sits now gives good potential for a leading diagonal in the potential 1 wave! For this to be confirmed, the market must breach 4462.25 for 5 to be longer than 3. Once we go back through our measurements, we can see a good target area for the impulse to terminate just above this level that lines up well with prior resistance. I think this gives us a good starting plan to target the pullback for the wave 3 move which should make good progress towards the 5000 level! Exciting times!