ES Daily Harmonic Elliott Wave Analysis
Hi traders,
Overview: lets review our expectations in the last few updates:
June 17th: "I see us completing wave Y (second zigzag ) soon, most probably by end of today. What comes next is another wave X and then the third zigzag, Z to the actual market bottom."
June 24th: "We can consider several different targets for this wave X such as 4170 range or 4300 range. For now, I am considering it as a zigzag development, but it can be developed in any kind of corrective structures." The reason that I was initially considering a zigzag formation for the current X wave was that the previous wave X (Jan 24-March 29) developed as a flat (sideways action).
June 28th: we started thinking that wave X is developing as a double or triple zigzag, which is still a valid point. However, the subwaves of this X wave developed in a different way than we anticipated.
Update: currently, I see wave y of X in it's early stages of development. For now, I am considering the 4100-4200 range as a target for this wave, which is also the point of control of wave Y.
Overview: lets review our expectations in the last few updates:
June 17th: "I see us completing wave Y (second zigzag ) soon, most probably by end of today. What comes next is another wave X and then the third zigzag, Z to the actual market bottom."
June 24th: "We can consider several different targets for this wave X such as 4170 range or 4300 range. For now, I am considering it as a zigzag development, but it can be developed in any kind of corrective structures." The reason that I was initially considering a zigzag formation for the current X wave was that the previous wave X (Jan 24-March 29) developed as a flat (sideways action).
June 28th: we started thinking that wave X is developing as a double or triple zigzag, which is still a valid point. However, the subwaves of this X wave developed in a different way than we anticipated.
Update: currently, I see wave y of X in it's early stages of development. For now, I am considering the 4100-4200 range as a target for this wave, which is also the point of control of wave Y.
Comment:
Today's update: there is not much to add to the count:
