Evening Update: Loss of impulsivity

330
This morning I posted a micro chart of the ES.

Jan 3 Micro


Suffice to say...the market had other plans. I still do not see where this patterns reconciles immediately lower. Still looking for the same targets for my larger "b" wave. However, below 3793 and I have no choice but to count this entire consolidation as a B-wave flat. I do not like that count because a b-wave flat points us down to 3540-3550 for A=C. Additionally, it revives the Red Count down as well. Therefore I have changed my immediate impulsive count for c of b to reflect a more sub-divided zig zag.

Targets up remain unchanged (minimum 3917-3920, and preferably as high as 3985-4000) unless we breach 3793.

Best to all,

Chris

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.