ES approached major downsloping ML on a daily chart:


Acceleration, bounce or coil now? In case of the first, our target area is just 4-5% away. Exactly the same as in case of $RUT for the move off its head and shoulders pattern confluent with the green set lower ML:

ES 5 min.
Is this a 4pt bear?
B is near KZ of move down.
C is 78.
D is 88.

If it fails - will it become W3 up? "All W3s are failed ABCDs".

Originally posted by tx_ches

ES 5 min.
Is this a 4pt bear?

if it is we'll know soon enough

IWM starting to look like bat pattern.
78AB = 205.8BC.
But 88AB isn't near a BC.

there it is at the .886

and do they mean it here?

I came back right for the new low for the whole downtrend...



Are the one day wonders now going to be to the upside?

Bullish TD ABCD on daily is still holding despite the last plunge:

The Return of a King Dollar?

Okay, that's it for me. I probably won't post again until the Sunday night session.