Morning Update: Minor b of larger B underway

It appears we’re in our minor b and it’s possible the a-wave of that b just completed at 3895. B waves not unlike 4th waves, are Wiley. All the complex patterns appear in B and 4th waves. We use Fibonacci to guide us as to where we are in these unique areas of price patterns...but we have to be prepared for almost anything.

If in fact our (a) of b just completed, we should expect price to consolidate in this area with an upward bias before resuming a c-wave of b lower into the mid to low 3800 region.

See micro count below.
www.tradingview.com/...ev0jBtv-ES-12-22-22/

The above micro chart should give some guidance as to my expectations over the course of the next week.

This morning’s post is my last update of 2022. I have truly enjoyed getting to know many of you here at TradingView.com this year. Hopefully 2022 was a great year of trading profits for you. This is a job, a love, a passion. It is NOT easy...anyone who says different is not a serious trader...and if you’re not a serious person in the market, chances are you’re losing your hard-earned wealth to those of us who are. I enter the holiday season flat, having done my last trades yesterday. I’m now mentally free to enjoy my family, recharge, and fall back in love with this job come the new year. I encourage you to do the same.

I hope next year to teach, mentor and further the trading relationship with some of you.

Happy Holidays to all,

Chris