This morning I shared a wave count that considered the rally in ES-mini as the final subwave e of a corrective pattern called the “Expanding Triangle” or a “Megaphone”.
This afternoon ES has hit the Red Target box and stalled:
For swing traders bears need to wait until ES drops back under 3,751 to trigger a reliable short “failed breakout” trading setup.
#ES #long setup #Elliott Wave #complex correction #w-x-y correction Bears can push ES-mini down one more time to complete the
$E #ES-mini #Elliott Wave #trading setup as long as bears hodl ES under the micro resistance 5,498 the pressure should
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