ES daily Elliott Harmonic Wave Analysis

Hi traders,

As published in my last update, we were expecting this rally to start leg (c) of flat. Here I share the daily view again for your reference:

Now, as shown in this 15min chart, we have completed waves (1), (2), (3), and (4) of A and we will soon complete (5) of A of 1 of (c) of b .
I see 3853.25 as a potential target for this wave (5).

Kommentera:

Wild action overnight. Based on this price action, I now prefer the second scenario that I outlined in a previous analysis last week, that we have already completed wave b of Y.
Daily view:

Hourly view: