First of all, my apologies for the ES updates of this week that were not so accurate. This is part of this game, you are not going to be always right. With the price action of yesterday, I see three possible scenarios and the main difference between them is to see how much the rally initiated yesterday continues (from short to long continuation): Scenario 1 (my primary count at the moment): we are in wave 2 of c of (III) of c of Z of (B). Scenario 2: we are in wave b of (III) of c of Z of (B) playing as a flat. Scenario 3: we are in wave b of Z of (B).
Once again I am letting the structure of the price action to lead me not my own expectations (personally, after seeing the big bullish candle of yesterday, I would expect more continuation than my primary count expects, but I am not allowing my expectations/emotions to lead the way). Now, I see that we are in wave 2 of c of (III) of c of Z of (B). In the updates of last week I was expecting the retest of this double top's neckline on the hourly chart to happen. So far, we have completed 2 zigzags in wave 2, can it be complete? yes or it can get a third zigzag to the zone of the neckline and the downward trendline.
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