ES Analysis :
Forecast :
So narrowing this down ,
1st off we don't want this "White zone" being broken . Reasons why , Huge support, VPOC is right where PA
is at and we don't wanna be too far away from it in my opinion.
Now for the "Golden Rectangle" in my opinion we don't wanna be there because being there means
we are starting to get "2 sliding parallels" away from a certain important "Pitchfork" and aswell would be
breaking the "Golden Zone Algo"
which wouldn't be good. Moving averages wise we are back fighting right under the "Daily 200 MA" . As for the "Rsi" on the 4hr we are below the
(30) meaning "Bearish Strength" , on the Daily "Rsi" we are right at the "50" so meaning a close below
on the "Daily" could cause for a meaningful "Pulse down"
Elliott wave : Crossing the "Red Dashed line" meaning either this is a "1-2 ,1-2" or an "ABC Zig zag"
which in turn is not a good entry probability to wanna mess with unless we get to
"0.5-0.618/0.65" because their we have minimal risk. But currently we are breaking back into the "Green Base channel"
which isn't want you want if you wanted to assume its a
"3rd wave" going into a "4th wave correction" .
We aswell just missed the the "Most Probable Extension Target" for a "Wave 3". Also aswell
"Volume" is not confirming a "3rd wave".
Feedback : So unless we break back above the "Blue Zone" or at least show an 'Impulsive wave" off this
currently looking "3 wave" I wouldn't be inclined to buy until
the next "0.5-Golden Zone" where the (4hr 200 MA is at currently"
Forecast :
So narrowing this down ,
1st off we don't want this "White zone" being broken . Reasons why , Huge support, VPOC is right where PA
is at and we don't wanna be too far away from it in my opinion.
Now for the "Golden Rectangle" in my opinion we don't wanna be there because being there means
we are starting to get "2 sliding parallels" away from a certain important "Pitchfork" and aswell would be
breaking the "Golden Zone Algo"
which wouldn't be good. Moving averages wise we are back fighting right under the "Daily 200 MA" . As for the "Rsi" on the 4hr we are below the
(30) meaning "Bearish Strength" , on the Daily "Rsi" we are right at the "50" so meaning a close below
on the "Daily" could cause for a meaningful "Pulse down"
Elliott wave : Crossing the "Red Dashed line" meaning either this is a "1-2 ,1-2" or an "ABC Zig zag"
which in turn is not a good entry probability to wanna mess with unless we get to
"0.5-0.618/0.65" because their we have minimal risk. But currently we are breaking back into the "Green Base channel"
which isn't want you want if you wanted to assume its a
"3rd wave" going into a "4th wave correction" .
We aswell just missed the the "Most Probable Extension Target" for a "Wave 3". Also aswell
"Volume" is not confirming a "3rd wave".
Feedback : So unless we break back above the "Blue Zone" or at least show an 'Impulsive wave" off this
currently looking "3 wave" I wouldn't be inclined to buy until
the next "0.5-Golden Zone" where the (4hr 200 MA is at currently"