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jarek
Rep: 94
Posts: 3,474
Here is an updated version of my longer term bearish TD ABCD in ES:


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It has some drawbacks (especially the impulsive look of the potential BC leg) but the decisive break beneath the rising TL should confirm it.
Otherwise the rise from early July low might develop into a bigger ABCD itself:


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JI
jimkane
Rep: 3,058
Posts: 33,089
I guess they will have to be happy to close this near the high tick for the move, and right at the RTH HOD. I know I'm happy with how that coil play played out.