Daily Analysis on ES by ThinkingAntsOk
Use this as a guide to develop your view of the chart:
Main items we can see on the Daily Chart:
a)After the price found Support on a massive zone we saw a reversal movement
b)Looking at previous situations on the past we can see that the two last bearish waves were composed by
-First bearish movement
-Correction (ABC)
-Second Bearish Movement
c)Currently, we are on the Correction (A wave), and we had the First bearish movement
d)That means that we should expect the finalization of the Correction (ABC) and then the new bearish motive wave.
Main items we can see on the Daily Chart:
a)After the price found Support on a massive zone we saw a reversal movement
b)Looking at previous situations on the past we can see that the two last bearish waves were composed by
-First bearish movement
-Correction (ABC)
-Second Bearish Movement
c)Currently, we are on the Correction (A wave), and we had the First bearish movement
d)That means that we should expect the finalization of the Correction (ABC) and then the new bearish motive wave.
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