Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
with 5 waves down, i'm expecting abc move to upside for correction and short from there.
with weekly HVN at 69,75 act as resistance, it is morelikely ES is going to test 64.75 or 59.00
Can you help answer these questions from other members on NexusFi?
ES form triangle at the end of day indicates complete cycles for the moment and correction lies ahead up to 2349.50 and 2355.75
trading plan :
look for long trade up to 2347.00
look for short at completion ABC correction
Measuring swing, the sell off only travel less than 1.32% of previous swing which is typical of correction of larger time frame.
wave 4 and wave 2 are very difficult to trade during the process but when the cycles complete it can be very rewarded.
so less agressive trades are the theme for today
ES traded pass the previous swing and correction is expected. I look for attemp to make new high and ABC correction afterward. If the counting is correct, wave 3 or C is under way.
trading plan
2346.75 as weekly VPOC for area to go long to new high and short if there is divergence.
