ES Trading Plan for the rest of the week
It's early to call this...but believe the move yesterday and into today was an (A) wave. This next move may confuse some traders but believe we'll see an Expanding Flat correction for this (B) wave. Remember, EF's will surpass the origin of the (a) wave to complete (b)...but then rocket up in a 5 wave move for (c). We'll see how this pans out...good luck!
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Just remember...the pink lines are NOT adjusted for time. In other words, take it level by level until this pattern is broken. Look for 3 waves up (current)...3 waves down (b)...and then 5 waves up (c) to complete the Expanding Flat. If price gets close but can't breach 3069.50 for (b), then that's a clue on where (c) will end. Do you know?