I was not aware that ES is trading today despite the Memorial Day. Here is the update of our bearish ABCD:

Hmmmm, flat ABCD (or DT ABCD down a bit), or are they going to start selling right off this area? Checkback, or real selling? Waiting on the European open, then if this lets me get back to bed, I may be getting woken up repeatedly by alarms? I kinda wonder how much sleep this will let me get tonight...

Watching 37-38, and 34 next. 40.25-41.25 on the way there if they don't plan to do much with it. 42.25ish is the DT at a key .382. So, maybe that upper level is really 40.25-42.25?

Quite a move down taking into account recent Globex standards. If there was a small test and retest, this DT ABCD should give way easily:

If this expanding ABCD with D just above KZ plays out the euro has a chance to fall down to a big grouping around 1.3770, forming potential bullish ABCD.

Your D point Marcin would fall nicely on the rising TL, but such ABCD would invalidate my current long term count:



If this is big W3 up, EUR simply has to go up from here

Looks like somebody knew beforehand as usual :

Thank you for providing context Jarek.
If I got your point correctly, even if there is a reaction of an ABCD on 4H timeframe it is rather unlikely it will reach .447 retracement.
Or more generally correction within W3 should not exceed KZ.

Originally posted by MarcinO

... correction within W3 should not exceed KZ.

Exactly! If your bigger bullish ABCD gets completed, for me it's not W3 up anymore

I'm watching such a TD ABCD at TLs confluence:

Launch pad for the move to the target area?

interesting symmetry at the lines...