Expect More Downside to come...but watch important levels!

28 de jan. de 2019

I expect the current structure of ES to be in a Bearish W, X, Y Expanding Diagonal pattern, with us currently in the X Wave down. I'm watching for a reversal between 2570-2600 which may fool a lot of traders thinking it'll go lower. I then expect price to go up to complete the Y Wave around 2700-2720 zone; which would also (finally) complete the overall Wave 4. Lastly, the 5th Wave down (not shown) should take us to the 2100 area by mid April or so. Good luck to all-