Daily ES update:
On the daily chart, we are in the process of a double zigzag formation from Jan. 2022 highs, with W and X currently being complete. In the Y (abc), leg (a) was completed on May 20th. Now, leg (b) of Y can be already completed (on May 31st), however, because of timing guidelines, I am considering the possibility of having a flat as wave (b).
To consider this possibility and have an idea of its potential targets and timing, I am comparing wave X (which was also developed as a flat) with this wave (b):
Now, lets look at the hourly chart, to see the subwaves and come up with potential targets:
On the daily chart, we are in the process of a double zigzag formation from Jan. 2022 highs, with W and X currently being complete. In the Y (abc), leg (a) was completed on May 20th. Now, leg (b) of Y can be already completed (on May 31st), however, because of timing guidelines, I am considering the possibility of having a flat as wave (b).
To consider this possibility and have an idea of its potential targets and timing, I am comparing wave X (which was also developed as a flat) with this wave (b):
Now, lets look at the hourly chart, to see the subwaves and come up with potential targets:
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.