ES Long: End of a Complex Correction, leading diagonal start
Recently I have been posting ES long ideas calling for a wave 3. Unfortunately, it seems that these calls were premature even though it would have been profitable for the short-term that the idea was published. The recent move down has led me to revise my counts again. This time, however, it is still a bullish call.
There are a couple noteworthy items in the recent setup:
1. The recent low (3020.25) was just 2 ticks away from the previous low made on 24th Jun (3019.75), a major support zone.
2. The leading diagonal that I've drawn has the 3rd wave and 5th wave of equal length.
I would say that this idea will be invalidated if price breaches the low of 3020.25.
Good luck trading!
There are a couple noteworthy items in the recent setup:
1. The recent low (3020.25) was just 2 ticks away from the previous low made on 24th Jun (3019.75), a major support zone.
2. The leading diagonal that I've drawn has the 3rd wave and 5th wave of equal length.
I would say that this idea will be invalidated if price breaches the low of 3020.25.
Good luck trading!
