ThinkingAntsOk

Daily Analysis of ES / Correction coming? by ThinkingAntsOk

CME_MINI:ES1!   S&P 500 E-mini Futures
Use this as a guide to develop your view of the chart

Main items we can see on the Daily timeframe:

a)Based on the previous short movements we can see a pattern (all of them are composed by a first impulse, then an ABC pattern and then a second impulse)

b)We think based on the level we are currently on (massive support zone ) that the first impulse is finished

c)We expect an ABC pattern coming, as a correction of the current bearish movement

d)This can be a good scenario for long setups in the coming week with the idea of catching wave A of the correction and closing it on the target

e)Which Target? We expect a movement towards 2800

Thinking Ants.
A platform entirely created to improve Traders development.

https://www.thinkingants.com/

Comments

I like it
Kepp up the Good Work.
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@a_Subzero, Thanks for your support!
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