/ES Futures Daily EW+FIB Target 4600
Judging by the measurements we are heading to 4600. The current status looks like wave 1 is extended since my criteria which I think wave 3 & wave 5 of Aqua wave 5 should be in a close price range.
Following the Elliott Wave rule if wave 2 (Aqua Wave 2) has a shallow retracement, then wave 3 should be around the 1.618% (Hit on 7/14). Wave 4 is approximately between 78.6% and 100% of that Fib extension IMO.
Using the Trend-Based Fib Time tool it is projected wave 3 (Yellow) to be around 4580 around Mid-Sept to End-Sept. Then wave 4 (yellow) between 4474 - 4504.
Following the Elliott Wave rule if wave 2 (Aqua Wave 2) has a shallow retracement, then wave 3 should be around the 1.618% (Hit on 7/14). Wave 4 is approximately between 78.6% and 100% of that Fib extension IMO.
Using the Trend-Based Fib Time tool it is projected wave 3 (Yellow) to be around 4580 around Mid-Sept to End-Sept. Then wave 4 (yellow) between 4474 - 4504.
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