Overview: let's review the key points of the previous update:
Update: As we expected, ES continued higher to form leg C of zigzag. Now, we have completed a zigzag in wave b of (III). Today, ES peaked at 3808.75, with the 0.667 retracement of wave a of (III) at 3807.5.
What is next? there will be a pullback at this point and its structure and extent will lead us on what to expect. Wave b of (III) can be complete or it can develop as a flat or a triangle, so be careful that we have more than one possibility at this point. This is a volatile market that we need to move day by day and adjust our expectations.
- I am now changing my primary count, where wave a of (III) is complete and we are in wave b.
- We see that wave b is developing as a zigzag correction with its wave A being complete.
Update: As we expected, ES continued higher to form leg C of zigzag. Now, we have completed a zigzag in wave b of (III). Today, ES peaked at 3808.75, with the 0.667 retracement of wave a of (III) at 3807.5.
What is next? there will be a pullback at this point and its structure and extent will lead us on what to expect. Wave b of (III) can be complete or it can develop as a flat or a triangle, so be careful that we have more than one possibility at this point. This is a volatile market that we need to move day by day and adjust our expectations.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.