off that morning low looks like 3 waves, so a pullback a wave 4,
then up again in 5. very extended here so I could see that wave 4
starting any time, unless that was an ABC up move
DK I posted a chart below, there's not set Fib retracement but
price can't go below the high of wave 1 and really shouldn't even
get close to it
again a wave 4 should have 3 small waves like an abc, you may
need to look at a smaller time frame (fractal) to see a zig zag
that would hint at a possible completion
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ES 15 min
Posted by matt on 11th of Apr 2024 at 02:50 pm
off that morning low looks like 3 waves, so a pullback a wave 4, then up again in 5. very extended here so I could see that wave 4 starting any time, unless that was an ABC up move
Steve on your ES 15
Posted by DK on 11th of Apr 2024 at 02:54 pm
Steve on your ES 15 minute chart that shows 3 waves, if wave 4 is next, can we expect a 38 to 50% retrace of the wave 3 move?
DK I posted a chart
Posted by matt on 11th of Apr 2024 at 02:57 pm
DK I posted a chart below, there's not set Fib retracement but price can't go below the high of wave 1 and really shouldn't even get close to it
again a wave 4 should have 3 small waves like an abc, you may need to look at a smaller time frame (fractal) to see a zig zag that would hint at a possible completion